Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 1 pts Joselito loaned P35,000 for 100 days at 9.5%. After 45 days he took the note to the bank to discount it
Question 5 1 pts Joselito loaned P35,000 for 100 days at 9.5%. After 45 days he took the note to the bank to discount it at 10.8%. What is the amount of proceeds? 40,378.14 677.42 O 35,330.87 O 1,041.09
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started