Vision: To establish the Department as a Centre of excellence for producing professionally competent and socially committed

Chemical Engineers.

BHARATI VIDYAPEETH COLLEGE OF ENGINEERING

DEPARTMENT OF CHEMICAL ENGINEERING

CLASS: T.E.CHEMICAL/SEM-VI/REV/2022-23 SUBJECT: - PROCESS ENGINEERING AND ECONOMICS

Tutorial No 1 Given Date: 16/01/2023 Submission Date: 23/01/2023

CO BL

2 3
Q.1 A person borrows totally Rs. 80,000 from two people. On one he pays 10% simple interest and on
the other 8% simple interest. If at the end of 2 years he pays totally Rs. 13,600 as simple interest,
find the amount borrowed at each rate.

Find the compound interest on Rs. 75,000 for 2 years at 10% compounded semiannually. 2 3
Q.2

Q.3 2 3
A loan of 1,15,000 is taken at a rate of 1.5% per month. Find
i. Amount to be paid after 3 years if simple interest is considered.
ii. Amount to be paid after 3 years if compound interest is considered.
iii. The nominal interest rate when the interest is compounded monthly.
iv. The effective interest rate when the interest is compounded monthly.

2 3
A pump is purchased for Rs. 25,000 down payment and 5 equal installments of Rs. 30,000 at the
Q.4
end of each year for the next 5 years. If the compound interest charged is at 10% p.a., what is the
present cost of the pump?

Mission:
M1: To prepare students for the challenges of chemical engineering by providing a high-quality education.
M2: To prepare students to meet the ever-changing needs of the chemical industry.
M3: To educate and train students to become responsible and ethical chemical engineers to serve the society