Engineering Economics

The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?

  • A. 3.90 %
  • B. 3.92 %
  • C. 3.95 %
  • D. 3.98 %
Answer: Option A.
Explanation: 

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