Engineering Economics
Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”.

0.1332
0.1373
0.1346
0.1315

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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 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 divided by the total units in property

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