Professional Documents
Culture Documents
QuiZ 1 V1
QuiZ 1 V1
Ministry of Education
Qassim University
وزارة التعليم
Unaizah College of Engineering جامعة القصيم
كلية الهندسة بعنيزة
Student Name:……………………………………………………………………………….
Student ID No.:………………………………………………………………………………
Marks Notes
Questions Course Program Percentage
Allocated Obtained
outcome outcome
1 2 1. 1 K1 50%
2 or 3 2 1. 2 K1 50%
Total 4 100 %
Subject: Engineering Economy Code: ECON 401 Semester 431
Each student must answer 2 questions as explained in the table at the end of the quiz
Q1)
An employee at Qassim University borrows 2000n $ and must repay a total of 2070n $ exactly 2
years later. Calculate the interest rate.
Q2)
An employee at Qassim University borrows 2000n $ on May 1 and must repay the total money
exactly one year later. Calculate the future value while the interest rate is 8%.
Q3)
An employee at Qassim University borrows a money and must repay a total of 2070n $ exactly 3
years later with interest rate 7%. Calculate the principle value.
End of quiz