Engineering Eco

Annie buys a television set from a merchant who ask Php 1,250 At the end of 60 days. Annie wishes to pay immediately and the merchant offers to compute the cash price on the assumption that money is worth 8% simple interest. What is the cash price?

• Php 1,342.12

• Php 1,324.12

• Php 1,288.45

• Php 1,233.55

A company invests $10,000 in a project that promises to generate a simple interest return of 6% per year for 5 years. How much interest will the company earn after 5 years? What will be the total value of the investment after 5 years?

• Interest = 8000

  Total Value = 18000

• Interest = 3000

  Total Value = 13000

• Interest = 5000

  Total Value = 15000

• Interest = 7000

  Total Value = 17000

A company invests $12,000 in a project that grows to $15,000 in 4 years. What is the annual interest rate (simple interest) earned on this investment?

• 5%

• 9%

• 10%

• 11%

A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?

• 9.14%

• 9.24%

• 9.34%

• 9.44%

How long will it take money to double itself if invested at 5% compounded annually?

• 14.2 yrs

• 13.7 yrs

• 15.2 yrs

• 13.2 yrs

What are the types of Simple Interest?

• Ordinary Simple Interest

• Exact Simple Interest

• Compound Interest

• All of the above

It is a series of equal payments occurring at equal interval of time over a specific period of time.

What are the types of Depreciation?

• Physical Depreciation

• Functional Depreciation

• None of the above

A machine has an initial cost of P 50000 and a salvage value of P 10000 after 10 years. What is the straight line method depreciation rate as a percentage of the initial cost?

• 7%

• 8%

• 9%

• 10%

A machine costing P 45000 is estimated to have a book vakue of P4350 when retired at the end of 6 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?

• 30.75%

• 31.25%

• 32.25%

• 33.75%