Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Effective rate of interest Compound interest Nominal rate of interest Simple interest Effective rate of interest Compound interest Nominal rate of interest Simple interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Interest rate Rate of return Return of investment Yield Interest rate Rate of return Return of investment Yield ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: (1 + i)(1/2n) √(n + i) (1 + i)n None of these (1 + i)(1/2n) √(n + i) (1 + i)n None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money? 0.0931 0.0941 0.0901 0.0914 0.0931 0.0941 0.0901 0.0914 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Under ordinary simple interest, how many days in one year? 366 365 360 300 366 365 360 300 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is used to record historical financial transactions? Bookkeeping system Ledger system Balance check General journal system Bookkeeping system Ledger system Balance check General journal system ANSWER DOWNLOAD EXAMIANS APP
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