write E. 1. If P3 000 is loaned for 4 months at a 14% annual rate, how much is the interest earned? a 2140 b. P80 c. P11.67 d p46.70 2 45 months is equivalent to b. 2.75 years c. 3.5 years d. 3.75 years 3. What is the total number of conversion periods when a certain amount is borrowed at 10% 2.5 years