Engineering Economics
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

0.1154
0.1219
0.1029
0.1203

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Engineering Economics
In a cash flow series:

Either an increase or decrease in the amount of a cash flow is called the gradient
The gradient in the cash flow may be positive or negative
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
All of these

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