If ABC furniture borrowed P3,500 from a bank charging 18% simple interest, how much would ABC furniture pay at the end of 24 months? 2. Find the ordinary interest on P3,400 for 35 days at 5% simple interest. 4. If money is worth 6% simple interest, what is the present value of P8,250.00 due in 2 years and 6 months? 5. Find the present value of P4,500 for 2 years and 3 months at 5.5% simple interest.