It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

Engineering Economics
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

16.28 %

16.02 %

16.32 %

16.47 %

16.28 %

16.02 %

16.32 %

16.47 %

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Engineering Economics
The sunk costs include:

A past expenditure

An unrecovered balance

All of these

An invested capital that cannot be retrieved

A past expenditure

An unrecovered balance

All of these

An invested capital that cannot be retrieved

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Engineering Economics
Pick up the main purpose of project cost control from the following:

All of these

To provide a feed back to the estimator

To promote cost consciousness

To signal immediate warning of uneconomic operations

All of these

To provide a feed back to the estimator

To promote cost consciousness

To signal immediate warning of uneconomic operations

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the number of units sold during the year

Initial cost of property times number of unit sold during the year divided by the total units in property

Initial cost of property times number of units sold during the year

Initial cost of property divided by the total units in property

Initial cost of property divided by the number of units sold during the year

Initial cost of property times number of unit sold during the year divided by the total units in property

Initial cost of property times number of units sold during the year

Initial cost of property divided by the total units in property

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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?

0.04

0.0367

0.0415

0.0425

0.04

0.0367

0.0415

0.0425

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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

13 months

11 months

10 months

12 months

13 months

11 months

10 months

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Engineering Economics

Engineering Economics The sunk costs include:

Engineering Economics Pick up the main purpose of project cost control from the following:

Engineering Economics Using factor method, the depletion at any given year is equal to:

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?

Engineering Economics
The sunk costs include:

Engineering Economics
Pick up the main purpose of project cost control from the following:

Engineering Economics
Using factor method, the depletion at any given year is equal to:

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?