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Engineering Economics

Engineering Economics
The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?

0.039
0.0398
0.0392
0.0395

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Engineering Economics
A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.

P1,549.64
P1,345.98
P1,945.64
P1,459.64

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Engineering Economics
A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000

1,043
1,053
1,033
1,037

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Engineering Economics
What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?

Effective rate of interest
Simple interest
Compound interest
Nominal rate of interest

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Engineering Economics
The person desires to pay off the amount in 10 equal annual instalments. The amount of each installment is:

Rs. 5638
None of these
Rs. 7738
Rs. 6638

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Engineering Economics
What are the two classifications of goods and services?

Local and imported
Ready-made and made-to-order
Consumer and producer
Raw and finished

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