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  • Midterm Enabling Assessment 1 T-MEET310

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    Kian Russel Linsangan
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    The document contains 5 engineering economy problems involving simple interest calculations: 1) Calculate simple interest on P5,000 from Jan 15 to Nov 28, 1992 at 22% interest, 2) Find the present worth of P50,000 due in 7 months with 12% simple interest, 3) Calculate the repayment amount of a P500 loan with 15% simple interest over 3 years, 4) Given an interest amount of P100, calculate the interest rate on a P5,000 investment over 6 months, 5) Calculate the ordinary interest on P1500.50 for 182 days at a rate of 5.2%.

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    Midterm Enabling Assessment 1 T-MEET310(2)

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    The document contains 5 engineering economy problems involving simple interest calculations: 1) Calculate simple interest on P5,000 from Jan 15 to Nov 28, 1992 at 22% interest, 2) Find the present worth of P50,000 due in 7 months with 12% simple interest, 3) Calculate the repayment amount of a P500 loan with 15% simple interest over 3 years, 4) Given an interest amount of P100, calculate the interest rate on a P5,000 investment over 6 months, 5) Calculate the ordinary interest on P1500.50 for 182 days at a rate of 5.2%.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    Midterm Enabling Assessment 1 T-MEET310

    Uploaded by

    Kian Russel Linsangan
    The document contains 5 engineering economy problems involving simple interest calculations: 1) Calculate simple interest on P5,000 from Jan 15 to Nov 28, 1992 at 22% interest, 2) Find the present worth of P50,000 due in 7 months with 12% simple interest, 3) Calculate the repayment amount of a P500 loan with 15% simple interest over 3 years, 4) Given an interest amount of P100, calculate the interest rate on a P5,000 investment over 6 months, 5) Calculate the ordinary interest on P1500.50 for 182 days at a rate of 5.2%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Midterm Enabling Assessment 1 – T-MEET310

    Engineering Economy

    Direction: Copy and answer the following problems on a short bond paper. Show complete solution to
    get full points. Use your own handwriting. Submit in pdf file.

    1.) Determine the exact simple interest on P5,000 for the period from Jan 15 to Nov 28, 1992 if the
    rate of interest is 22%.

    2.) If you borrowed money from your friend with simple interest of 12%, find the present worth of
    P50,000 which is due at the end of 7 months.

    3.) A loan company charges 15% simple interest on P500 loan. How much will be repaid if the loan
    is paid back in one lump sum after 3 years?

    4.) The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100.
    What is the rate of interest?

    5.) What is the ordinary interest on P1500.50 for 182 days at 5.2%?

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