1. Nanay Aning borrowed money from a cooperative to start a sari-sari store business. If the loan from the cooperative is based on simple interest rate, find the interest of her loan if she borrowed 35,500 with an interest rate of 7% and will pay it within 3 years. 2. What was the interest rate if your balance on an investment of 27,750 at the end of six years is P41,070?

Question

1. Nanay Aning borrowed money from a cooperative to start a sari-sari store business. If the loan from the cooperative is based on simple interest rate, find the interest of her loan if she borrowed 35,500 with an interest rate of 7% and will pay it within 3 years. 2. What was the interest rate if your balance on an investment of 27,750 at the end of six years is P41,070?​

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