1. Which is better for the depositor: an account that yields 15% compounded monthly or 12% compounded annually?

2.Find the actual time and approximate time from Apr. 14, 1995 to Nov. 20, 1995

3.Dina placed Php 18,000 in a 240-day term deposit earning 8.5% per annum. How much will the bank pay Dina on the maturity date?

4.Find the interest on Php 66,250 at 9.5% interest from March 12, 2020 to Sept. 15, 2020, using the following

a. ordinary interest using actual time

b. ordinary interest using approximate time

c. exact interest using actual time

d. exact interest using approximate time