PLEASE ANSWER THESE 2 QUESTIONS BARTLEBY. THANKYOU 3. If you are to pay P 3,000.00 for a debt made 2 months ago at the rate of 7% simple interest, what amount did you borrow? 4. If a refrigerator is...

PLEASE ANSWER THESE 2 QUESTIONS BARTLEBY. THANKYOU

3. If you are to pay P 3,000.00 for a debt made 2 months ago at the rate of 7% simple interest, what amount did you borrow?

4. If a refrigerator is offered for sale at the amount of P 18,000.00 payable after 1 year. If you wish to pay immediately, what is the present value of the refrigerator if the seller offers to compute the cash price on the assumption that the money is worth 8% in the simple interest?