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?

0.0425
0.0367
0.0415
0.04

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Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.

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Engineering Economics
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now?

12 months
11 months
10 months
13 months

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