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John borrowed P50,000.00 from the bank at 25% compounded semi-annually. What is the corresponding effective rate of interest? (write the numeric value only, up to

John borrowed P50,000.00 from the bank at 25% compounded semi-annually. What is the corresponding effective rate of interest? (write the numeric value only, up to 2 decimal places) ANSWER:_________% . round off only at the final answer.

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