MORE EXERCISE PROBLEMS ON SIMPLE INTEREST: 1 The City Savings and Loan Association granted Charisse a loan that has a maturity value of $1,920.00 which bore an interest of 14% for 2 years. Find the principal amount of the loan. 2 ABM Bank charges 12% interest on loans. If Rodnel borrowed $1,000.00 and paid 1,030.00 at the end of the term of the loan, for how long was the loan taken? 3 Angelo invested 10,000.00 and accumulated 13,000.00 in 2 years. What was the interest rate granted on the investment? 4 A loan has a maturity value of P3,657.50. It bears interest at 9% and has a term of 6 months. Find the principal.