Q96
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?
A.
P 62.44
B.
P44.55
C.
P54.66
AnswerD.
P37.56
Answer: Option C
Solution
Answer: Option C
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