LOAN INFORMATION: The client will loan Php 2,500,000.00 in a bank.
FIND THE INTEREST (I), MATURITY VALUE (F) and IDENTIFY THE TYPE OF INTEREST (Simple Interest/Compounded Interest/Ordinary
Interest/Exact Interest) EACH ITEM.
2. Bank of the Philippine Islands offers Ordinary simple interest with 7% interest given that the starting date of the loan is November 15, 2021,
to March 10, 2023, using actual time.
