ExamVeda
Login
Home

A loan for P50 000 is to be paid in 3...

This question belongs to Civil Engineering Engineering Economics
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?

Answer & Solution
Correct Answer: Option B
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Engineering Economics

The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year B. Money is borrowed for n = 7 years C. Both (A) and (B) D. Neither (A) nor (B)
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.
A. Sole proprietorship B. Entrepreneurship C. Partnership D. Corporation
A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.
A. P 43,600.10 B. P 43,489.47 C. P 43,263.91 D. P 43,763.20
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by:
A. Architect/engineer B. Construction manager C. Owner himself/herself D. None of the above
More Related Questions on Engineering Economics