Engineering Economics - Study Mode

[#156] An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest.
Correct Answer

(B) 12.00 %

[#157] Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, he will receive an amount of Rs X, 10 years from now, where ‘X’ is
Correct Answer

(C) Rs. 4413

[#158] What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?
Correct Answer

(D) Simple interest

[#159] What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.?
Correct Answer

(B) Equipment obligation bond

[#160] What are the two classifications of goods and services?
Correct Answer

(C) Consumer and producer