Engineering Economics
A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount?

0.0415
0.0367
0.0425
0.04

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Engineering Economics
The financial analysis:

Helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment
All of these
Helps a bank to know the financial position of the firm for granting a loan to the firm
Helps to judge the success of the firm's financial plans

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Engineering Economics
A construction estimate is used

To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost
To judge tentatively or approximate value of the project
None of these

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