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Activity 3
Activity 3
_OCTOBER 3, 2022
4. A loan of ₱ 21 500 made on June 20, 2006 was charged with 7% simple interest. Using approximate
time, compute the ordinary interest on the loan which was paid on February 10, 2007.
5.On May 5, ₱ 30 000 was borrowed and repaid on August 19. Given an interest rate of
11.6%, how much simple interest was earned using the four types of interest?