Welch Rojas
05/17/2024 · Primary School

A group of II-BSTM students at the University of Makati is planning to conduct a research study. The need P50,000 to fund their project. They decide to take out a loan with a \( 10 \% \) discount rate for 1 year. How much money will they receive from the loan?

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The students will receive P45,454.55 from the loan.

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