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 %
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