Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?
(A) 12.19 %
(B) 12.03 %
(C) 11.54 %
(D) 10.29 %
Share this... |
Facebook
|
Twitter
|
Linkedin
|
Whatsapp
|
Your email address will not be published. Required fields are marked *