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10. On December 16, 2018, Mr. Anjo Marquez applied for a Php 750,000 loan. After deducing the interest in advance, he received Php 680,000. If

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10. On December 16, 2018, Mr. Anjo Marquez applied for a Php 750,000 loan. After deducing the interest in advance, he received Php 680,000. If the loan is to be repaid at the end of 9 months, at what rate is interest charged? 11. Find the proceeds of a Php 67,500 loan borrowed last February 16 and due on July 25 of the same year if the discount interest rate is 9.25%

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