ASSESSMENT WRITTEN WORKS Answer the following problems. Show your complete solutions. 1. How much interest would your money earn if you deposited PHP 25, 000. 00 at a simple rate of 3% given the...

Extracted text: ASSESSMENT WRITTEN WORKS Answer the following problems. Show your complete solutions. 1. How much interest would your money earn if you deposited PHP 25, 000. 00 at a simple rate of 3% given the actual date from June 6, 2020 to March 25, 2021. 2. During this time of pandemic, many lending institutions offer a loan package to wage earners. Suppose loan company ABC offers you to borrow money amounting to PHP 50, 000 and payable in 4 years at a simple interest rate of 3% per annum, while loan company XYZ offers a 3% compounded annually. What loan company will you borrow money, then justify why you decide to choose to make loan with that particular loan company.