business takes out a simple interest loan of Php 100,000 at a rate of 7.5%. What is the total amount the business will repay if the loan is for 8 years? 3. An investment earns 3% compounded monthly. Find the value of an initial investment of Php 5,000 after 6 years. 4. What is the value of an investment of Php 3,500 after 2 years if it earns 1.5% compounded quarterly? 5. Mr. Ceballos purchased a statue for Php 2,500. Ten years later, he sold this statue for Php 7,500. If the statue is viewed as an investment, what annual rate did he earn? 6. How many years will it take for an investment to be twice its value if it earns 8% compounded annually?

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