Read each word problem carefully, then solve the problem.

1. The pawnshop owner charges 4% per month for an article pawned appraised at ₱5,000.00 for a period of 4 months. How much is the total amount for the simple interest? How much is the total amount due after 4 months?

2. Gina invested her money worth ₱150,00 earning an interest of 4.5% per year for 5 years. How much interest did Gina's money earn? How much is the total amount of her money after the fifth year?

3. Mr. Lising placed ₱75,000.00 in a bank with 6% interest annually. How long will his money be invested in order to obtain the amount of ₱93,000.00? How much is the total interest earned after that period?

4. The amount borrowed is ₱60,000.00 with a simple interest rate of 8.5% per annum. How much will be the total amount due after
8 1/2
years? What is the total interest charged after
8 1/2
years?

5. My money in the bank is ₱225,000.00 earning an interest of 1.2% per month. If I will withdraw my money after 36 months, how much is my money in the bank? How much is the total interest earned?

[tex](kahit \: wala \: na \: pong \: solution)[/tex]
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