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Discussion :: Engineering Economics

  1. A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.

    2. A.

     11.50 %
    B.

     11.75 %
    C.

     11.95 %
    D.

     12.32 %

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    Answer : Option B

    Explanation :

    Explanation Not Provided

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