1. A check for ₱6,912 was used to pay off a loan which was made at a rate of 9.6% simple interest for 6 months. How much money was borrowed originally? a. 650 b XXXXXXXXXX c XXXXXXXXXX d. 6500 2. A...

1. A check for ₱6,912 was used to pay off a loan which was made at a rate of 9.6% simple interest for 6 months. How much money was borrowed originally?

a. 650

b. 4322.34

c. 6485.02

d. 6500

2. A loan of ₱2800 was paid off at the end of 120 days with a check of ₱2917.60. what annual rate of investment was used? (use 360 days a year).

a. 4.2%

b. 1.26%

c. 3.5%

d. 6%