Facel: Optin! arnaty PDF? fingir MKO MCe MEO m: pinoybixorg/2014/70/meqs-in engingering-sconomics-parti hitmil Solution Solution What then will be the effective interest rate? 10. A man invested P110,000 for 31 days. The net interest after deducting \( 20 \% \) witholding tax is P8go 36. Find the rate of retum annually. A. \( 12.50 \% \) B. \( 1175 \% \) C. 11295 D. \( 1232 \% \)
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36 - Withholding tax = 20% - Investment period = 31 days Show more…
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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. A. 11.50 % B. 11.75 % C. 11.95 % D. 12.32 %
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