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Discussion :: Engineering Economics

  1. 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”.

    2. A.

     13.15 %
    B.

     13.32 %
    C.

     13.46 %
    D.

     13.73 %

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    Answer : Option D

    Explanation :

    Explanation Not Provided

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