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    Engineering Economy (Board Exam Problems) : University of Science and Technology of Southern Philippines

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    Vea Valcorza
    This document contains 10 sample problems from past engineering board exams in the Philippines related to the topic of engineering economy. For each problem, the question, multiple choice answers, and solution are provided. The problems cover calculations related to simple and compound interest, present and future worth, inflation, and time value of money. The full document serves as a study guide for the engineering economy portion of professional licensure exams for electrical, mechanical, and civil engineers in the Philippines.

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    © All Rights Reserved
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    Engineering Economy (Board Exam Problems) : University of Science and Technology of Southern Philippines

    Uploaded by

    Vea Valcorza
    941 views5 pages
    This document contains 10 sample problems from past engineering board exams in the Philippines related to the topic of engineering economy. For each problem, the question, multiple choice answers, and solution are provided. The problems cover calculations related to simple and compound interest, present and future worth, inflation, and time value of money. The full document serves as a study guide for the engineering economy portion of professional licensure exams for electrical, mechanical, and civil engineers in the Philippines.

    Original Description:

    Economics Related Problems with solution

    Original Title

    Board Problems

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    © © All Rights Reserved

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    This document contains 10 sample problems from past engineering board exams in the Philippines related to the topic of engineering economy. For each problem, the question, multiple choice answers, and solution are provided. The problems cover calculations related to simple and compound interest, present and future worth, inflation, and time value of money. The full document serves as a study guide for the engineering economy portion of professional licensure exams for electrical, mechanical, and civil engineers in the Philippines.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    941 views5 pages

    Engineering Economy (Board Exam Problems) : University of Science and Technology of Southern Philippines

    Uploaded by

    Vea Valcorza
    This document contains 10 sample problems from past engineering board exams in the Philippines related to the topic of engineering economy. For each problem, the question, multiple choice answers, and solution are provided. The problems cover calculations related to simple and compound interest, present and future worth, inflation, and time value of money. The full document serves as a study guide for the engineering economy portion of professional licensure exams for electrical, mechanical, and civil engineers in the Philippines.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    University of Science and Technology of Southern Philippines

    C.M. Recto Avenue, Lapasan, Cagayan de Oro City, Philippines


    College of Engineering and Architecture
    Department of Electrical Engineering

    ENGINEERING ECONOMY
    (BOARD EXAM PROBLEMS)

    Submitted by:
    Valcorza, Vea E.
    ​BSEE-4a_e1
    Submitted to:
    Engr. Roy S. Tancongco
    Instructor
    Problem 1: ECE Board November 1998
    What will be the future worth of money after 12 months, if the sum of P25, 000 is today at simple
    interest rate of 1% per month?
    A. P30, 000
    B. P29, 000
    C. P28, 000
    D. P27, 859
    SOLUTION:

    F = P (1 + in)
    = 25000 [ 1 + 0.01(12)]
    = P 28, 000

    Problem 2: ME Board April 1995

    P4000 is borrowed for 71 days at 16% per annum simple interest. How much will be due at the end of 75
    days?

    A. P4, 133.33
    B. P4, 333.33
    C. P4, 166.67
    D. P4, 150.00

    SOLUTION :

    F = P (1 + in)
    75
    = 4000 [ 1 + 0.16( 360 )]
    = P 4, 133.33

    Problem 3: ME Board April 1993

    Agnes Abanilla was granted a loan of P20, 000 by her employer CPM Industrial Fabricator and
    Construction Corporation with an interest of 6% for 180 days on the principal collected in advance. The
    corporation would accept a promissory note for P20, 000 non-interest for 180 days. If discounted at
    once, find the prices of the note.

    A. P18, 600
    B. P18, 800
    C. P19, 000
    D. P19, 200

    SOLUTION:

    Interest = 0.06 (20, 000) P roceeds of the note = 20, 000 − 1200
    = 1200 = P 18, 800

    Problem 4: CE Board May 1997

    A deposit of P110, 000 was made for 31 days. The net interest after deducting 20% withholding tax is
    P890.36. Fund the rate of return annually.

    A. 11.95%
    B. 12.75%
    C. 11.75%
    D. 12.25%

    SOLUTION:

    890.36 = 0.8 (I) since I = 1, 112.95


    I = 1, 112.95 I = P in
    31
    1, 112.95 = 110, 000 (i)( 360 )
    i = 11.75 %

    Problem 5: ME Board April 1998

    A bank charges 12% simple interest on a P300.00 loan. How much will be repaid if the loan is paid back
    in one lump sum after the years?

    A. P408.00
    B. P415.00
    C. P551.00
    D. P450.00

    SOLUTION:

    F = P (1 + in)
    F = 300 [ 1 + 0.12(3)]
    F = P 408.00

    Problem 6: ECE Board April 1999

    What is the corresponding effective rate of 18% compounded semi-quarterly?

    A. 19.25%
    B. 19.48%
    C. 18.46%
    D. 18.95%

    SOLUTION:
    8
    ER = (1 + 8i ) − 1
    8
    ER = (1 + 0.18
    8 ) −1
    ER = 19.48 %

    Problem 7: ECE Board November 1998

    The effective rate of 14% compounded semi annually is

    A. 14.49%
    B. 12.36%
    C. 14.94%
    D. 14.88%

    SOLUTION:
    2
    ER = (1 + 2i ) − 1
    2
    ER = (1 + 0.14
    2 ) −1
    ER = 14.49 %
    Problem 8: EE Board June 1990

    On his 6th birthday, a boy is left an inheritance. the inheritance will be paid in a lump sum of P10, 000 on
    his 21st birthday. What is the present value of the inheritance as of the boys 6th birthday, if the interest
    is compounded annually? Assume i=4%

    A. P6, 500
    B. P8, 600
    C. P5, 500
    D. P7, 500

    SOLUTION:

    F = P (1 + i)n 10, 000 = P (1 + 0.04)21 F 1 = P (1 + i)6


    where; i = 0.04 P = 4, 388.336 = (4, 388.336)(1 + 0.04)6
    n = 21 = P 5, 552.644

    NOTE : Since from the choices, the nearest answer is ​P5, 500​.

    Problem 9: ME Board October 1995

    In year zero, you invest P10, 000.00 in a 15% security for 5 years. During that time, the average annual
    inflation is 6%. How much, in terms of year zero pressure will be in the account at maturity?

    A. P12, 020.00
    B. P13, 030.00
    C. P14, 040.00
    D. P15, 030.00

    SOLUTION:

    Let F = value of the account after 5 years considering there was no inflation.

    P’ = value of the account the today’s peso due to inflation.

    F = P (1 + i)n F = P ′(1 + i)n


    F = 10, 000(1 + 0.15)5 20, 113.57 = P ′(1 + 0.06)5
    F = 20, 113.57 P ′ = P 15, 530.00

    Problem 10: ME Board April 1996

    What is the present worth of two P100 payments at the end of the third year and fourth year? The
    annual interest rate is 8%.

    A. P153
    B. P160
    C. P162
    D. P127

    SOLUTION:

    P = P1 + P2
    F1 F2
    P = (1+i)3
    + (1+i)4

    100 100
    P = (1+0.08)3
    + (1+0.08)4
    P = P 153

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