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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