Engineering Economics
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest?

0.258
0.247
0.235
0.25

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Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
The income statement is the summary of revenues and expenses of a firm over a particular period of time
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement

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