Engineering Econ (Examveda)- Calculations | Latest 2024/25

P 6,922.93 (P 6,917.72) {Ans: A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?}5,937.50 {Ans: A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period?**}10.29 % {Ans: Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.*}21 % {Ans: First Benchmark Publishing's gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?}Exact simple interest {Ans: The interest calculated on the basis of 365 days a year, is known as:}13.73 % {Ans: Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months.