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misseylaLv10
10 Jul 2022
Mr. J. Dela Cruz borrowed money from the bank. He received from the bank P1,340.00
and promised to pay P1,500.00 at the end of 9 months. Determine the simple interest rate
and the corresponding discount rate or often referred to as the <Banker’s Discount=.
Mr. J. Dela Cruz borrowed money from the bank. He received from the bank P1,340.00
and promised to pay P1,500.00 at the end of 9 months. Determine the simple interest rate
and the corresponding discount rate or often referred to as the <Banker’s Discount=.
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