47-48 47. A man borrowed P2,000.00 from hisfriend and agreed to pay the at the endof 6 months. His friend discounted theloan and gave him P1,920.00 in cash.What was the rate of discount?3%4.5%4%5%48. Quantity of a certain commodity that isoffered for sale at a certain price at agiven place and time.luxuriessupplydemand

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47. A man borrowed P2,000.00 from his friend and agreed to pay the at the end of 6 months. His friend discounted the loan and gave him P1,920.00 in cash. What was the rate of discount?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

47-48

47. A man borrowed P2,000.00 from his
friend and agreed to pay the at the end
of 6 months. His friend discounted the
loan and gave him P1,920.00 in cash.
What was the rate of discount?
3%
4.5%
4%
5%
48. Quantity of a certain commodity that is
offered for sale at a certain price at a
given place and time.
luxuries
supply
demand

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