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    Eng Eco Set 1 2013

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    Krisia Martinez
    This document contains sample problems related to engineering economy topics like simple and compound interest, annuities, uniform arithmetic gradients, and geometric gradients. It includes multiple choice questions testing concepts such as calculating present worth, interest rates, accumulated values over time, and determining deposit amounts required to fund future payments or scholarships.

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    Eng Eco Set 1 2013

    Uploaded by

    Krisia Martinez
    208 views2 pages
    This document contains sample problems related to engineering economy topics like simple and compound interest, annuities, uniform arithmetic gradients, and geometric gradients. It includes multiple choice questions testing concepts such as calculating present worth, interest rates, accumulated values over time, and determining deposit amounts required to fund future payments or scholarships.

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    eng eco set 1 2013

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    This document contains sample problems related to engineering economy topics like simple and compound interest, annuities, uniform arithmetic gradients, and geometric gradients. It includes multiple choice questions testing concepts such as calculating present worth, interest rates, accumulated values over time, and determining deposit amounts required to fund future payments or scholarships.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    208 views2 pages

    Eng Eco Set 1 2013

    Uploaded by

    Krisia Martinez
    This document contains sample problems related to engineering economy topics like simple and compound interest, annuities, uniform arithmetic gradients, and geometric gradients. It includes multiple choice questions testing concepts such as calculating present worth, interest rates, accumulated values over time, and determining deposit amounts required to fund future payments or scholarships.

    Copyright:

    © All Rights Reserved
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    Engineering Economy Set 1

    Simple Interest
    1. If a man borrowed money from his
    girlfriend with simple interest rate of
    12%, determine the present worth of
    P75, 000.00, which due at the end of
    seven months.
    a) 60,093
    b) 80,250
    c) 66,964
    d) 70,093
    2. Clara has invested P 1,000.00, part at
    5% and the remainder at 10% simple
    interest. How much is invested at
    higher rate if the total annual interest
    from this investment is P 95.00?
    a) 900.00
    b) 890.00
    c) 100.00
    d) 110.00
    3. Daisy borrowed money from a certain
    financing firm. She received P
    1,842.00 from the firm and promised
    to pay P 2,000.00 at the end of ten
    months. What is the simple interest
    rate?
    a) 10.3 %
    b) 13.0%
    c) 11.8%
    d) 15.3%
    4. Determine the accumulated amount
    using exact simple interest on P
    1,000.00 for the period from January
    20, 1990 to November 28 of the same
    year at 15% interest rate.
    a) 1282
    b) 1128
    c) 1130
    d) 2400
    Compound Interest
    1. If the sum of P 12,000 is deposited in
    an account earning interest rate of 9%

    Review Innovations
    compounded quarterly, what will it
    become after 1 year?
    a) P 13,080
    b) P 13,117
    c) P 12,270
    d) P 16,939

    2. In the previous problem, what is the


    effective rate?
    a) 9.81 %
    b) 9 %
    c) 9.31 %
    d) cant solve
    3. What is then the equivalent nominal
    interest rate if compounded monthly?
    a) 8.93 %
    c) 8.39 %

    b) 9.38 %
    d) cant solve

    7. Determine the effective rate of interest


    corresponding to 18% compounded
    daily.
    Ans. 19.72%
    a) 13.75%
    b) 18.74%
    c) 19.72%
    d) 17.92%

    8. What is the equivalent nominal interest


    compounded
    quarterly
    of
    12%
    compounded
    semi-annually?
    Ans.
    11.825 %
    a) 10.125%
    b) 11.825%
    c) 9.175%
    d) 10.875%

    4. How many years are required for P Annuity


    1,000 to increase to P 2,000 if invested
    1. An investment of m pesos is made at
    at
    9%
    per
    year
    compounded
    the end of each year for three years, at
    continuously?
    an interest rate of 9% per year
    a) 7.70 years
    b) 8.04 years
    compounded annually. What will the
    c) 7.87 years
    d) 6.05 years
    peso value of the total investment be
    upon the deposit of the third payment?
    5. What payment X ten years from now is
    a) 3.278 m pesos
    b) 2.278 m pesos
    equivalent to a payment of P 1,000 six
    c) 1.127 m pesos
    d) 3.728 m pesos
    years from now, if interest is 15%
    compounded monthly?
    2. The president of a growing engineering
    a) P 1,749.01
    b) P 1,815.35
    firm wishes to give each of 50
    c) P 1,900.00
    d) P 1,617.45
    employees a holiday bonus. How much
    6. If the sum of P 12,000 is deposited in
    an account earning interest rate of 9%
    compounded quarterly, what will it
    become at the end of 8 years? Ans.
    P24,457
    a) P 21,235
    b) P 24,457
    c) P 25,178
    d) p 20,163

    is needed to invest monthly for a year


    at
    12%
    nominal
    interest
    rate,
    compounded monthly so that each
    employee will receive a P 1,000 bonus?
    a) P 2,750.00
    b) P 3,942.44
    c) P 4,311.78
    d) P 3,892.15
    3.

    A fund is to provide an annual


    scholarship at P4,000 for the first 5
    Do, not what is easy. Do what is right

    Engineering Economy Set 1


    years; P6,000 for the next 5 years and
    P9,000 thereafter. The fund will be
    established 1 year before the first
    scholarship is awarded. If the fund
    earns 12% interest, what sum must be
    deposited?
    a) P 50, 840
    b) P 60, 921
    c) P 45, 076
    d) P 12,632

    Uniform Arithmetic Gradient

    Review Innovations
    1. Annual deposits were made in the fund
    earning10% per annum. The first
    deposit was 2,000 and each deposit
    thereafter was 200 less than the
    preceding one. Determine the amount
    in the fund after sixth deposit.
    a) 9,000
    b) 10,000
    c) 11,000
    d) 12,000

    every year. What is


    of the maintenance
    if i = 8%?
    Ans. P 8,728.79
    a) P 8,728.79
    c) P 7,685.40

    the present worth


    costs for six years

    b) P 8,181.82
    d) P 9,574.56

    Geometric Gradient
    1. Annual maintenance costs for a
    machine are P1,500 this year and
    estimated to increase 10% each year

    Do, not what is easy. Do what is right

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