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?

25.0 %
25.8 %
23.5 %
24.7 %

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
Which is true about corporation?

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

ANSWER DOWNLOAD EXAMIANS APP