Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest? | MCQ Hive

Civil Engineering MCQs

Q Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?

A A. 12.19 %
B B. 12.03 %
C C. 11.54 %
D D. 10.29 %

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