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.

0.1029
0.1203
0.1154
0.1219

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Engineering Economics
A construction estimate is used

None of these
To judge tentatively or approximate value of the project
To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost

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