11. Mr. Jones borrows P2,000 for 90 days and pays P35 interest. What is his effective rate of interest? A. 7.0% В. 9.3% С. 11.7% D. none of these
11. Mr. Jones borrows P2,000 for 90 days and pays P35 interest. What is his effective rate of interest? A. 7.0% В. 9.3% С. 11.7% D. none of these
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 61P
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