1) Instead of spending her salary, Kimberly decided to save and opened a savings account in a bank with 5% interest per year. If she has P 5, 000.00 in her account, how much interest will the money earn in 2 years? a) P300.00 b) P200.00 c) P100.00 d) P500.00 2) Due to COVID-19 pandemic Miss Dada a female resident of Brgy. May Pagkakaisa somewhere in Quezon Province thinks of a business that can provide for her needs as well as the need of her neighbors so she can be of help even in this trying time. Since she doesn’t have money on hand, she decided to borrow from a bank as the start-up capital of ₱50,000.00 at 7% simple interest rate payable within 5 years. Compute for the interest. a) P17, 500.00 b) P17, 000.00 c) P17, 100.00 d) P17, 200.00

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