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
0.1029
0.1219
0.1203

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Engineering Economics
The financial analysis:

All of these
Helps to judge the success of the firm's financial plans
Helps a bank to know the financial position of the firm for granting a loan to the firm
Helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment

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