Scribd
Upload
1K views2 pages

Q-1 Engineering Economics

The document contains information about an engineering economics quiz on simple and compound interest. The quiz contains 5 problems related to topics like loan amounts, interest rates, savings deposits, doubling investments, and discounts. It provides the details of the problems, including amounts, rates, times, taxes, and calculations needed to solve each problem. The quiz will take place from 10:30-12:00 or 7:30-9:00 to test understanding of simple and compound interest concepts.

Uploaded by

Mac KY
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
1K views2 pages

Q-1 Engineering Economics

The document contains information about an engineering economics quiz on simple and compound interest. The quiz contains 5 problems related to topics like loan amounts, interest rates, savings deposits, doubling investments, and discounts. It provides the details of the problems, including amounts, rates, times, taxes, and calculations needed to solve each problem. The quiz will take place from 10:30-12:00 or 7:30-9:00 to test understanding of simple and compound interest concepts.

Uploaded by

Mac KY
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

ENGINEERING ECONOMICS

SIMPLE AND COMPOUND INTEREST


ECO-6 10:30 12:00
Quiz #1

PROBLEM 1: (10 pts)


Mr. Juan de la Cruz borrowed money from a bank. He received from the bank an amount of P1,340.00 and promised to pay
P1,500.00 at the end of 9 months. Determine the simple interest rate and the corresponding discount rate or Bankers
discount.

PROBLEM 2: (10 pts)


An engineer promised to pay 36,000 pesos at the end of 90 days. He was offered 10% discount if he pays in 30 days. Find
the rate of interest.

PROBLEM 3: (10 pts)


An initial savings deposit of P80,000 in a certain bank earns 6% interest per annum compound monthly. If the earnings from
the deposit are subject to a 10% tax what would be the net value of the deposit be after three quarters? P82, 938.28

PROBLEM 4: (10 pts)


How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly?

PROBLEM 5: (10 pts)


A P1000 loan was made at 10% simple annual interest.
a. Determine the time in years for the amount of loan and interest be equal to P1700.
b. What is the interest charge after 5 years.
c. What amount that the borrower would be willing to pay after 4 years.

ENGINEERING ECONOMICS
SIMPLE AND COMPOUND INTEREST
ECO-6 10:30 12:00
Quiz #1

PROBLEM 1: (10 pts)


Mr. Juan de la Cruz borrowed money from a bank. He received from the bank an amount of P1,340.00 and promised to pay
P1,500.00 at the end of 9 months. Determine the simple interest rate and the corresponding discount rate or Bankers
discount.

PROBLEM 2: (10 pts)


An engineer promised to pay 36,000 pesos at the end of 90 days. He was offered 10% discount if he pays in 30 days. Find
the rate of interest.

PROBLEM 3: (10 pts)


An initial savings deposit of P80,000 in a certain bank earns 6% interest per annum compound monthly. If the earnings from
the deposit are subject to a 10% tax what would be the net value of the deposit be after three quarters? P82, 938.28

PROBLEM 4: (10 pts)


How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly?

PROBLEM 5: (10 pts)


A P1000 loan was made at 10% simple annual interest.
a. Determine the time in years for the amount of loan and interest be equal to P1700.
b. What is the interest charge after 5 years.
c. What amount that the borrower would be willing to pay after 4 years.
ENGINEERING ECONOMICS
SIMPLE AND COMPOUND INTEREST
ECO-6 7:30 9:00
Quiz #1

PROBLEM 1: (10 pts)


A P1000 loan was made at 10% simple annual interest.
a. Determine the time in years for the amount of loan and interest be equal to P1700.
b. What is the interest charge after 5 years.
c. What amount that the borrower would be willing to pay after 4 years.
(t = 7yrs, I 500, A = 1400)
PROBLEM 2: (10 pts)
An initial savings deposit of P80,000 in a certain bank earns 6% interest per annum compound monthly. If the earnings from
the deposit are subject to a 10% tax what would be the net value of the deposit be after three quarters? P82, 938.28

PROBLEM 3: (10 pts)


Determine the effective rate of P1.00 for one year compounded semi-annually at a nominal rate of 6%.

PROBLEM #4: (10 pts)


Compute the discount if P2000 is discounted for 6 months at 8% simple interest.

PROBLEM 5: (10 pts)


How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly?

ENGINEERING ECONOMICS
SIMPLE AND COMPOUND INTEREST
ECO-6 7:30 9:00
Quiz #1

PROBLEM 1: (10 pts)


A P1000 loan was made at 10% simple annual interest.
a. Determine the time in years for the amount of loan and interest be equal to P1700.
b. What is the interest charge after 5 years.
c. What amount that the borrower would be willing to pay after 4 years.
(t = 7yrs, I 500, A = 1400)
PROBLEM 2: (10 pts)
An initial savings deposit of P80,000 in a certain bank earns 6% interest per annum compound monthly. If the earnings from
the deposit are subject to a 10% tax what would be the net value of the deposit be after three quarters? P82, 938.28

PROBLEM 3: (10 pts)


Determine the effective rate of P1.00 for one year compounded semi-annually at a nominal rate of 6%.

PROBLEM #4: (10 pts)


Compute the discount if P2000 is discounted for 6 months at 8% simple interest.

PROBLEM 5: (10 pts)


How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly?

You might also like