G. A Man borrowed P5,000 from a bank and agreed to pay the loan at the end of 9 months. The bank discounted the loan gave him P4,000 in cash. CO2 16 What was the rate of discount? a 2% CO2 17 What was the rate of interest? a 25% 18. What was the rate of interest for one year? b 12% c.13% d. none of the above b 22% c. 23% d. none of the above CO2 a. 3% 19.It is the rate of interest for the same period b. 34% C.33% d none of the above C01 a d br d none of the above CO1 20.1t is measured in today's pesos of a present amount of P a FC b PC d none of the above

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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G. A Man borrowed P5,000 from a bank and agreed to pay the loan at the end of 9 months. The bank
discounted the loan gave him P4,000 in cash.
CO2 16 What was the rate of discount?
a 2%
CO2 17 What was the rate of interest?
a 25%
18. What was the rate of interest for one year?
b 12%
c.13%
d. none of the above
b 22%
c. 23%
d. none of the above
CO2
a. 3%
19.It is the rate of interest for the same period
b. 34%
C.33%
d none of the above
C01
a d
br
d none of the above
CO1
20.1t is measured in today's pesos of a present amount of P
a FC
b PC
d none of the above
Transcribed Image Text:G. A Man borrowed P5,000 from a bank and agreed to pay the loan at the end of 9 months. The bank discounted the loan gave him P4,000 in cash. CO2 16 What was the rate of discount? a 2% CO2 17 What was the rate of interest? a 25% 18. What was the rate of interest for one year? b 12% c.13% d. none of the above b 22% c. 23% d. none of the above CO2 a. 3% 19.It is the rate of interest for the same period b. 34% C.33% d none of the above C01 a d br d none of the above CO1 20.1t is measured in today's pesos of a present amount of P a FC b PC d none of the above
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