Question: Mr. Panulde wrote a 90 day note for Php25,500 on January 23, 2018 at 8% simple interest. He offered the note to a XYZ company

Mr. Panulde wrote a 90 day note for Php25,500 on January 23, 2018 at 8% simple interest. He offered the note to a XYZ company giving a reduction of 12.5% on March 4, 2018. What is the new value of the proceeds? a. Php25,648.75 b. Php25,784.22 c. Php24,784.22 d. Php25,558.44

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