General Instruction: 1. Supply the appropriate numerical values (whole nos. or decimal nos.) in each word problem before answering. 2. Word problems under Test 1 and 2 should be answered using the Given, Find and Solution Format. For Test 3, no need for solutions, just fill in the necessary values in the given table. 3. FOR FINAL ANSWERS, decimal nos. that will exceed two decimal places should be rounded off to two decimal places. 4. Solutions may vary as well as the decimal numbers involved, you can round off in between solutions or you can just round off at the end of the solution. Just make sure that the values you use in your solution and your final answer are correlated. Test 1: Basic Concepts of Interest (Kindly identify if it is under simple interest or compound interest before answering) from Jonathan and another Php 1. Ivan borrowed Php from Rafael. Ivan paid them after % % interest. months. Jonathan is charging interest while Rafael is charging Compute for the difference between the payments made for Jonathan and Rafael. 2. How much money should the parents of an year-old child deposit in a savings account paying % compounded quarterly in order to provide the child with Php at the age of ? 1. A salesman on a certain boutique was paid a commission of % on his sales. If his sales were on Monday, Php Php Php _on Thursday, Php commission. Wednesday, Php on Tuesday, on on Friday, find his total a 2. Brian Kang is paid a basic salary of Php month plus % commission on all sales made. Compute for his gross earnings if he made total sales of Php 3. Andrew Choi, a salesman, is paid commission on the first Php next Php Php ; and % % on the % on all sales over last month, his total sales were Php Find the total commission. 4. Felix is a sales agent for kitchen appliances. His basic monthly salary is Php expected to sell Php. As an agent, he is worth of appliance every week. Whenever he exceeds the quota, he gets a 3% commission on weekly sales for the first week is Php second week; Php over the quota. If the sales ; Php on the on the third week; and Php on the fourth week, how much does he earn for this month? Sungjae received the following compensation and benefits during the month of December while working as on a private company for years. Basic Salary Php Medical Allowance Php Rice Allowance Php 13Th Month Pay Php Compute for his net pay using the table below. Earnings Basic salary Medical Allowance Taxable Nontaxable Rice Allowance 13Th Month Pay Total Earnings Deductions Withholding Tax Php SSS Contribution Php PhilHealth Contribution Php HDMF Contribution Php Total Deduction Php Total Earnings Php Total Deduction Php Net Pay Php Php