A company loaned P 500,000 from a bank with a stated interest rate of 12%. Compute the effective interest rate in the following cases: Match each item to a choice Simple interest with 10% compensating balance. Interest is discounted with 10% compensating balance. Interest is discounted. Choices: 15.94% 13.13% #13.33% 15.38% 13.76% 16.23% # 13.64%