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253. Mr. J. Dela Cruz borrowed money from the bank. He received from the bank P1.340.00 and promised to pay P1.500.00 at the end of 9 months. Determine the simple interest rate and the corresponding discount rate or often referred to as the "Banker's Discount". - A. 15.92% ; 13.73% - B.12.95%;17.33% - C.18.28% ; 13.12% - D. 19.25%;13.33% 254. A man borrowed from the bank under a promissory note that he signed in the amount of P2500000 for a period of 1year. He received only the amount of P2191500 after the bank collected the advance interest and an additional amount of P8500 for notarial and inspection fees. What was the rate of interest that the bank collected in advance? - A. 13.64% - B. 16.43% - C.18.37%