A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?
(A) 9.01 %
(B) 9.14 %
(C) 9.31 %
(D) 9.41 %
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?
| Share this... |
 Facebook
|
 Twitter
|
 Linkedin
|
 Whatsapp
|
Related Mcqs
- Previous:What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?
- Next:What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?
Leave a Reply
Your email address will not be published. Required fields are marked *
