1. An employee takes out an SSS salary loan of P30,000 at an annual interest rate of 10% for 2 years. Determine the interest charged and the total repayment amount.2. Maria invested P10,000 in a saving account that offers an annual interest rate of 5%. She plans to keep the money in the account for 3.5 years.2. Maria invested P10,000 in a saving account that offers an annual interest rate of 5%. She plans to keep the money in the account for 3.5 years.
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