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Civil Engineering · Q36

Engineering Economics

Engineering and GATE · Civil Engineering · question 36

Q36

A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.

A.
11.50 %
B.
11.75 %
Answer
C.
11.95 %
D.
12.32 %

Answer: Option B

Solution

Answer: Option B
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