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259. In buying a computer disk, the buyer was offered the options of paying P250 cash at the end of 30days or P270 at the end of 120days. At what rate is the buyer paying simple interest if he agree to pay at the end of 120days? - A. 32% - B. 28% - 040% - D. 25% 260. On March 1. 1996 Mr. Sarmiento obtains a loan of P1500 from Mr. Avila and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120days. On May 15, 1996, Mr. Avila discounts the note at the bank whose discount rate is 6%. What does he receive? - A. P220148 - B. P151356 - C. P112329 - D. Pg38.20