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**3.** At what rate was an investment made that obtains ₱2,520 on ₱10,500 over four years?

**4.** If a loan is taken out for ₱15,900 at 9% and costs ₱8,586, how long was the loan for?

**5.** A bank is offering 3.5% simple interest on a savings account. If you deposit ₱10,555, how much interest will you earn in two years?

**6.** If you borrow ₱75,000 for two and half years at an interest rate of 9.5%, what is the maturity value of the loan?

Would you like me to solve all these questions? Let me know if you want detailed solutions for any of them! 

Also, here are 5 questions related to these problems to expand your understanding:
1. How does compound interest differ from simple interest in terms of calculation?
2. What happens to the total interest earned if the investment period is doubled in simple interest scenarios?
3. What formula is used to calculate the time in simple interest problems?
4. What factors affect the maturity value of a loan?
5. How does the interest rate influence the overall cost of borrowing money?

**Tip:** In simple interest problems, understanding the relationship between the interest rate, principal, and time period is key to solving for any missing variable!

3. At what rate was an investment made that obtains ₱2,520 on ₱10,500 over four years? 4. If a loan is taken out for ₱15,900 at 9% and costs ₱8,586, how long was the loan for? 5. A bank is offering 3.5% simple interest on a savings account. If you deposit ₱10,555, how much interest will you earn in two years? 6. If you borrow ₱75,000 for two and half years at an interest rate of 9.5%, what is the maturity value of the loan?

Learn how to calculate interest rates, loan duration, and maturity value using simple interest formulas. These problems involve determining interest on investments and loans, and understanding how different factors like time and interest rate affect outcomes.

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