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.

0.1219
0.1154
0.1203
0.1029

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Engineering Economics
In a cash-flow diagram:

Time 0 is considered to be the present
A vertical arrow pointing up indicates a positive cash flow
All of these
Time 1 is considered to be the end of time period 1

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