A loan for P50,000 is to be paid in 3 years at the amount of P65,000. – McqOptions

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1.	A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?
A.	9.01 %
B.	9.14 %
C.	9.31 %
D.	9.41 %
Answer» C. 9.31 %

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