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You loan from a loam firm an amount of P100,000 with a rate of simple interest of 20%, but the interest was deducted from the

You loan from a loam firm an amount of P100,000 with a rate of simple

interest of 20%, but the interest was deducted from the loan at the time the

money was borrowed. If at the end of one year, you have to pay the full

amount of P100,000. What is the actual rate of interest?

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