Engineering Economy Mcqs
Q. 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 %
No explanation is available for this question!
