Show complete solutions of the ff:

4. A lending instruction charges its client Php1,008,000 a loan f Php1.6M for 5years and 3 months. What simple interest rate is applied?

6. What amount must be repaid on May 1, 2018, if Php4,000 is borrowed on May 1,2014 at 6.25% simple interest?

10. Sheila borrowed money from a bank which charges interest at 10% compound quarterly. She agreed to pay the principal and interest in 36 equal payments of Php7,000 at the end of every

quarter. How much did Sheila borrow?

12. Three friends buy a second hand equipment that costs Php120,000. They give a down payment of Php40,000 and agree to settle the balance in 24 monthly payments. If the interest

rate is 6% converted monthly, find the payments due at the end of each month.