Multiple Choice Question: A time deposits of P110,000 for 31 days earns P890.39 on maturity date after deducting the 20% withholding tax on interest income. Find the rate of interest per annum.

A time deposits of P110,000 for 31 days earns P890.39 on maturity date after deducting the 20% withholding tax on interest income. Find the rate of interest per annum.

A. 12.50%	C. 11.95%
B. 12.25%	D. 11.75%

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Jhun Vert Sat, 06/29/2024 - 21:31

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