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?

25.8 %
25.0 %
24.7 %
23.5 %

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Engineering Economics
In case of bankruptcy of a partnership,

The partners nay sell stock to generate additional capital
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners personal assets are attached to the debt of the partnership
The partners are not liable for the liabilities of the partnership

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