For the next 4 items: Suppose that Jam borrowed P60,000 from a cooperative on January 8, 2021 and paid the entire sum including interest on March 8 of the same year, and that the interest rate is 2.5%. 21. Determine the exact time for the computation of exact interest. (A) 58 (B) 59 (C) 60 (D) 61 22. Determine the approximate time for the computation of ordinary interest. (A) 58 (B) 59 (C) 60 (D) 61 23. Find the amount of interest earned, if it is computed using the exact simple interest. (A) P 241.80 (C) P 245.90 4/5 (B) P 242.47 (D) P 246.58 24. Find the amount of interest earned, if it is computed using the banker's rule. (A) P 241.80 (C) P 246.58 (B) P 242.47 (D) P 250.0025. Rica obtained a 3-year P50 000 discounted loan at 2% simple interest for her online business. Find the discount. (A) P 30.00 (C) P 3000.00 (B) P 300.00 (D) P 30000.00 26. Rica obtained a 3-year P50 000 discounted loan at 2% simple interest for her online business. Find the amount of money Rica received. (A) P 47.00 (C) P 47000.00 (B) F 4700.00 (D) P 53000.00 27. Suppose that you want to take a trip to Japan in 3 years and you decide that you will need P250, 000. To have that much money set aside in 3 years, how much money should you deposit now into a bank account paying 6% compounded quarterly? (A) P 298904.54 (C) P 265340.89 (B) P 261419.59 (D) P 209096.86 28. Find the future value of P60, 000 invested for 10 years at 3% interest compounded monthly. (A) P 80961.21 (C) P 60000.00 (B) P 78000.00 (D) P 44465.74 29. Assuming the average price of a new home today is P2,500,000 and the interest rate is 5%. If this amount is financed for 15 years at 5% interest, what is the monthly payment? (A) P 9353.17 (C) P 1058571.20 (B) P 19769.84 (D) P 3558571.20 30. Assuming the average price of a new home today is P2,500,000 and the interest rate is 5%. If this amount is financed for 15 years at 5% interest, how much total interest will be paid? (A) P 9353.17 (C) P 1058571.20 (B) P 19769.84 (D) P 3558571.20