1716Civil EngineeringMedium
A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?
A11.95 %
B12.32 %
C11.50 %
D11.75 %
Correct answer
D. 11.75 %
Explanation
The correct answer is 11.75 %.