# Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note? with Answer - Civil Engineering Mcqs | TestPrep

> Solved MCQ: Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note? Correct Answer: A. P18,000. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

---

Tested in Competitive Exams:

- [NTS Test Prep](https://test-prep.blog/exams/nts)
- [FPSC Past Papers](https://test-prep.blog/exams/fpsc)
- [PPSC Solved MCQs](https://test-prep.blog/exams/ppsc)
- [PMDC MDCAT 2026](https://test-prep.blog/exams/mdcat)
- [UET ECAT Prep](https://test-prep.blog/exams/ecat)
- [CSS Central Superior](https://test-prep.blog/exams/css)

- [Civil Engineering Mcqs](https://test-prep.blog/categories/civil-engineering-mcqs)
Difficulty: Easy 80% Accuracy

# Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

Direct Answer & Quick Reference

The correct option is **A. P18,000**.

A. P18,000 **(Correct Answer)**

B. P18,900

C. P19,000

D. P19,100

✨ Explain with AI

Verified Key: A. P18,000
Solved by 5,330+ students

Verified against official examination board answer keys and standard curriculum textbooks.

- [Previous Question In the lever of third order, load W, effort P and fulcrum F are oriented as follows _____ ?](https://test-prep.blog/mcq/in-the-lever-of-third-order-load-w-effort-p-and-fulcrum-f-are-oriented-as-follow-ca9a19fe-75fd-4d80-8d18-176be69511fb)
- [Next Question The minimum width of the fire escape stairs shall be?](https://test-prep.blog/mcq/the-minimum-width-of-the-fire-escape-stairs-shall-be-ceb3ea95-5f4e-4fb6-8f4d-8ac9e07fe45d)

- [Practice More Civil Engineering Mcqs MCQs](https://test-prep.blog/quiz/smart?category=civil-engineering-mcqs)
- [How We Verify Questions →](https://test-prep.blog/editorial-policy)

## Subject Overview

Explore thousands of solved past paper MCQs for Civil Engineering Mcqs categorized with explanations.

- [Browse All Civil Engineering Mcqs MCQs →](https://test-prep.blog/categories/civil-engineering-mcqs)

## Related Questions

- [In the lever of third order, load W, effort P and fulcrum F are oriented as follows _____ ?](https://test-prep.blog/mcq/in-the-lever-of-third-order-load-w-effort-p-and-fulcrum-f-are-oriented-as-follow-ca9a19fe-75fd-4d80-8d18-176be69511fb)
- [The minimum width of the fire escape stairs shall be?](https://test-prep.blog/mcq/the-minimum-width-of-the-fire-escape-stairs-shall-be-ceb3ea95-5f4e-4fb6-8f4d-8ac9e07fe45d)
- [Choose the wrong statement _____ ?](https://test-prep.blog/mcq/choose-the-wrong-statement-e491e2be-fe10-423a-bc52-050164ea8df3)
- [Choose the wrong statement?](https://test-prep.blog/mcq/choose-the-wrong-statement-ea614ffe-412d-4f02-8d4a-cf59e3d234f6)
- [Choose the wrong statement?](https://test-prep.blog/mcq/choose-the-wrong-statement-fb5efa74-16e8-4f91-a432-96772f86c0ee)

---
*Source: https://test-prep.blog/mcq/mr-jun-ramos-was-granted-a-loan-of-p20000-by-his-employer-excel-first-review-and-f92144d3-439d-4ef5-9f91-00260487fb66*
*Format: Markdown for Agents (Content Negotiation: text/markdown)*