For numbers 1 - 10: Read each item carefully. Write the CAPITAL LETTER of the correct answer on the space before each number. If your answer is not on the given choices, write letter “E”. (20points) _______1. In what time will ₱650 double itself at the rate of 5% simple interest? A. 10 years B. 15 years C. 20 years D. 25 years _______2. Three months after borrowing money, Elijah pays on interest of ₱270. How much did he borrow if the simple interest rate is 5 ½%? A. ₱19,366.36 B. ₱19, 636.36 C. ₱19, 636.63 D. ₱19, 666.36 _______3. Matt borrowed ₱15, 600 for 2 years and 8 months and paid ₱2, 150 interests. What was the simple interest rate? A. 5.16% B. 5.17% C. 5.18% D. 5.19% _______4. Megan borrowed ₱12, 500 from a bank at 9 ½% simple interest for 3 years and 6 months. How much did she pay back the bank? A. ₱4, 156.25 B. ₱8, 343.75 C. ₱16, 656.25 D. ₱20, 843.75 _______5. Find the ordinary interest on ₱3, 450 for 108 days at 4 2/3% simple interest. A. ₱47.46 B. ₱47.64 C. ₱43.80 D. ₱48.30 _______6. Accumulate ₱2, 050 for 6 years at 4 3/8% simple interest. A. ₱538.13 B. ₱2, 588.13 C. ₱3, 126.25 D. ₱3, 664.75 _______7. Determine the present value of a 7-month 12% simple interest loan if its final amount is ₱25,268.82. A. ₱23, 516.72 B. ₱23, 615.72 C. ₱1, 653.10 D. ₱1, 356.10 _______8. Find the actual time between April 1, 2015 to March 18, 2016. A. 350 days B. 351 days C. 352 days D. 353 days _______9. Find the interest on ₱23, 250 at 5% simple interest from August 9, 2014 to May 18, 2015. A. ₱910.265 B. ₱910.526 C. ₱910.562 D. ₱910.625 _______10. How much exact interest should Reagan pay for a loan of ₱8,000 at 6% he borrowed in April 10, 2015 if he promised to pay everything on October 31, 2015. A. ₱268.27 B. ₱286.27 C. ₱8, 268.27 D. ₱8, 286.27​