1. You tell your dad that you want P800 as pocket-money every month. He can deposit some money in the bank such that the interest he gets will be equal to the money you need His bank offers him an interest rate of 6% percent per annum. How much money did he deposit?

type of interest

2. 22 months ago, Blake used his credit card for a transaction of 1,400 pesos. The bank charges a rate of interest of 25%, percent per month compounded monthly. How much does Blake owe to the bank today?

type of interest ?

3. The simple interest on a sum of money for 3 years at 62/3 % per annum is P 6750. What will be the compound interest on the same sum at the same rate for the same period, compounded annually?

type of interest​