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Civil Engineering · Q224

Engineering Economics

Engineering and GATE · Civil Engineering · question 224

Q224

The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?

A.
3.90 %
Answer
B.
3.92 %
C.
3.95 %
D.
3.98 %

Answer: Option A

Solution

Answer: Option A
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