Read each given problem. Analyze and solve each problem below. Write your answer on the spcae provided. 1. At 8% interests per year, how much will a deposit of P3, 500 earn in 2 years? 2. Miss Norman borrowed P20,000 for six months with a yearly interest of 15%. What was the interest of the loan? 3. Clara put P15, 000 into savings account in January. Six months later, she put P20,000 more into the account. The interest rate is 6% per year. How much interest will be earned at the end of the year? 4. Errol loaned Marvin some money at the rate of 7% interests per year when Marvin paid back the loan at the end of three years, he had to pay a P12, 000 interest. How much money did he borrow? 5. Gina's father borrowed P40, 000 from cooperative; at the end of 3 years he paid back P43, 500. What was the rate of interest?
