Q159
Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”.
A.
13.15 %
B.
13.32 %
C.
13.46 %
D.
13.73 %
AnswerAnswer: Option D
Solution
Answer: Option D
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