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
0.0415
0.04
0.0367

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Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It can be handed down from one generation of partners to another.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It has a perpetual life.

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