Solve the following problems. 1. Find them simple interest on a loan of: a) P500 at 8.25% for a year b) 2,000 at 16.5% for 30 months 0) P1200 at 10.82% for 6 months 2. Find the ordinary simple interest on a loan of. a) P900 at 14.5% for 120 days b) P1,400 at 13% for 90 days 0) P750 at 9.21% for 60days 3. Find the exact time from a) April 21 to June 29 of the same year b) November 7 to February 28 of the following year 0) March 17, 19x6 to November 8, 19x6 d) July 8, 19x4 to January 18, 19x5 4. Find the maturity date of a) a 90-day loan dated August 17 b) a 60-day loan-dated December 8 c) 6-month loan dated May 3 d) a 182-day loan dated March 7 19x4 5. Find the maturity value of a) a P2,500 loan for 85 days b) a P1 ,200 loan for 120 days 0) a P10,000 loan for 60 days all at 14% ordinary simple interest 6. At what rate of simple interest will a) P500 accumulates P10 interest in 2 months? b) money double itself in 7 years? 0) 132,000 grow to P2,100 in 1 year? 7. A bank charges 11% interest ire advance on short-term loans, Find the proceeds of the loan if the borrower signs a noninterest - bearing note for: a) 132,000 due in 6 months b) P600 due in 90 days 8. On June 29, a retailer buys goods worthy P3,000. To take advantage of a 5% cash discount, the retailer signs a 60-day noninterest - bearing note at his bank. The bank charges 11% interest in advance on short-term loans. What should be the face value of this note to give the retailer the exact amount needed to pay cash for the goods. 9. Compute. the face value of a 90-day note dated June 15, bearing interest at 15% and having a maturity value P713850. 10A bank discounted at 15% discount rate a noninterest bearing note for P20,000 due in 180 clays. On the same day the note was discounted again at 14% discount rate second bank. Find the profit made by the first bank