Engineering Economy 7. You deposit Php 1000 into a 9% account today.

At the
end of two years, you will deposit another Php 3000. In five
1. Determine the ordinary simple interest on Php 6000 for 9 years, you plan a Php 4000 purchase. How much is left in
months and 10 days if the rate of interest is 12%. the account one year after the purchase?
a. Php 120 a. Php 1551.84
b. Php 850 b. Php 1781.84
c. Php 565 c. Php 1771.64
d. Php 560 d. Php 2717.84

2. If you borrow money from your friend with simple interest 8. A man bought a lot worth Php 1,000,000 if paid in cash.
of 12%, find the present worth of Php 20,000 which is due On the installment basis, he paid a down payment of Php
at the end of nine months. 200,000, Php 300,000 at the end of one year; Php 400,000
a. Php 18,688.20 at the end of 3 years and a final payment at the end of five
b. Php 18,691.00 years. What was the final payment if the interest was 20%?
c. Php 18,518.50 a. Php 792,576
d. Php 18,348.62 b. Php 629,293
c. Php 962,293
3. Determine the exact simple interest on Php 3,000.00 d. Php 926,293
from January 15 to June 20, 2007, if the rate of simple
interest is 14%. 9. What nominal rate compounded quarterly could be used
a. Php 220 instead of 15% compounded semi-annually?
b. Php 180 a. 17.15%
c. Php 150 b. 14.73%
d. Php 600 c. 13.77%
d. 25.21%
4. How long will it take for the money to double itself if
invested at 5% compounded annually? 10. A television set is available on an easy instalment plan.
a. 15 The down payment is Php 3000 and the instalment
b. 16 payment is Php 500 each payable at the end of every three
c. 17 months for three years. If the interest is 6% compounded
d. 18 quarterly, what is the equivalent cash price of the
television?
5. If the nominal interest rate is 3%, how much is Php a. 8453.75
5000.00 worth in 10 years in a continuously compounded b. 6817.78
account? c. 7291.08
a. 6750 d. 5023.34
b. 8575
c. 6790 11. What is the future sum of annuity of Php 1000.00
d. 7560 deposited at the end of every two months for 5 years? If the
interest rate is 12% compounded semi-annually?
6. What is the accumulated amount after three years of a. Php 40235
Php 6500 invested at the rate of 12% per year b. Php 14269
compounded semi-annually? c. Php 41000
a. Php 9220.37 d. Php 42070
b. Php 6563.81
c. Php 4585.81
d. Php 1300.01
12. A house and lot is being sold and the payments are on 17. Determine the book value at the end of 4 years of a
instalment basis of Php 400,000 each year for 5 years. If machine costing Php 20,000 having a serviceable life of 8
the payments are to be made at the beginning of each years and a salvage value of Php 2000 at the end of that
year, how much is the cash price of the property? Assume time. Use SYD method.
that money is worth 20% compounded annually? a. Php 9000
a. Php 2330235.83 b. Php 7750
b. Php 1426912.83 c. Php 7000
c. Php 1435493.83 d. Php 8000
d. Php 4207012.83
18. A machine costing Php 720,000 is estimated to have a
13. A man acquires a loan of Php 500,000. He will amortize life of 10 years. If the annual rate is 25%, determine the
his loan by 10 annual payments but will commence 5 years total depreciation using constant percentage method or
after the loan was acquired. If the money is worth 10% declining balance method.
compounded annually, what was his annual amortization? a. Php 212,547.17
a. Php 330233 b. Php 679,454.17
b. Php 269183 c. Php 614,094.85
c. Php 119137 d. Php 816,848.87
d. Php 420701
19. A VOM has a selling price of Php 400. If the selling
14. How much must you deposit today in an account price is expected to decline at a rate of 10% per annum
earning 10% compounded annually so that you can due to obsolescence, what will be the selling price after 5
withdraw Php 25,000.00 yearly indefinitely starting at the years?
end of the 10th year? a. Php 352.341
a. Php 330233 b. Php 785.236
b. Php 269183 c. Php 236.196
c. Php 106025 d. Php 764.332
d. Php 420701
20. A firm bought an equipment for Php 56,000.00 Other
15. A machine which costs Php 10,000 was sold as a scrap expenses including installation amounted to Php 4000.00
after being used for 10 years. If the scrap value was Php The equipment is expected to have a life of 16 years with a
500, determine the book value at the end of the 5th year. salvage value of 10% of the original cost. Determine the
a. Php 5500 book value at the end of 12 years using sinking fund
b. Php 5250 method of 12% interest.
c. Php 4350 a. 29520
d. Php 4000 b. 10468
c. 24345
16. A lathe machine costs Php 300,000 with a salvage d. 52345
value of Php 15,000. It is expected to last for 28,500 hours
in period of 5 years. In the first year of service, it was used
for 8000 hours. Compute the depreciation for the first year.
a. Php 220,000
b. Php 270,250
c. Php 280,500
d. Php 270,750
 Probability and Statistics 9. From a group of 6 boys and 9 girls, how many different
groups consisting of 4 boys and 3 girls can be formed?
a) 1260 c) 1620
1. Raizel is going to assemble a computer by himself. He
b) 2160 d) 1026
has the choice of chips in 3 brands, a hard drive from 3,
memory from 4, and an accessory bundle from 4 local
stores. How many different ways can Raizel order the 10. The math club has 7 boys and 9 girls. A team of 6 has to
parts? be selected to join the upcoming Math Olympiad. How many
a) 144 c) 142 ways can 3 boys and 3 girls be selected if the class
b) 124 d) 192 valedictorian (boy) must be on the team?
a) 1647 c) 1467
b) 1476 d) 1764
2. Five people A, B, C, D, and E get into A’s car to go to
Tagaytay. Only A and E know how to drive, and C does not
want to sit in front. How many ways can five of them sit on 11. In how many ways can you invite one or more of your six
the car if the car has two front seats and three back seats? friends on your birthday?
a) 18 c) 36 a) 63 c) 44
b) 27 d) 54 b) 54 d) 10

3. In a student exchange program, 10 students participated. 12. A survey of 500 students produced the following results:
Three came from Korea, 4 from Japan, and 3 from the 265 students listen to OPM, 215 listen to K-Pop, 145 listen
Philippines. If students from the same country insist on to rock, 50 listen to both OPM and K-Pop, 63 listen to both
sitting together, how many ways can the 10 students be K-Pop and rock, 70 listen to both OPM and rock, and 35 do
seated in a row? not listen to any of the genres. How many listen to all of the
a) 1854 c) 4185 three genres?
a) 35 c) 25
b) 5184 d) 1458
4. In how many ways can 9 students be arranged in a row b) 52 d) 23
with 4 seats?
a) 3204 c) 3024 13. A bag has 5 red marbles, 4 white marbles, and 6 blue
b) 4302 d) 4230 marbles. Three marbles are drawn from the bag (without
replacement). What is the probability that they are all the
5. In how many ways can you arrange 4 mangosteens, 4 same color?
oranges, and 5 mangoes? a) 17/455 c) 71/455
a) 99000 c) 90009 b) 34/455 d) 43/455
b) 90900 d) 90090
14. Senku tries to solve a really hard problem once each day.
6. How many distinct permutations does the word He has a ¼ probability of solving it each day. What is the
ENGINEERING have? probability that he will solve it before his seventh try?
a) 727200 c) 272700 a) 0.718 c) 0.282
b) 277200 d) 277020 b) 0.178 d) 0.822

7. There are 5 positions on a flagstaff and 4 different colors 15. John, Arlo, and Sera have different chances of hitting the
of flags, atleast 6 flags on each color. How many different target. John can hit the target 2/3 of the time, Arlo can hit
signals are possible by displaying 5 flags simultaneously? the target 4/5 of the time, and Sera can hit the target ¾ of
Note that arrangement and order is important. the time. They all go for the target simultaneously. What is
a) 120 c) 1024 the probability that atleast one of them will hit the target?
a) 59/60 c) 1/5
b) 256 d) 20
b) 1/60 d) 4/5
8. In how many ways can 6 different trees be planted in a
circle if 2 of them must be placed next to each other while
another 2 cannot be together?
a) 24 c) 16
b) 48 d) 32
16. After being interviewed at two companies he likes, Nol 24. In a class of 30 students, the teacher selects five people
assesses that his probability of getting an offer from at random to participate in the spelling bee. What is the
company A is 0.8, and his probability of getting an offer from probability that this group of 5 includes at least three of the
company B is 0.6. If he believes that the probability that he top five students in spelling in the class?
will get offers from both companies is 0.5, what is the a) 500/23751 c) 521/23751
probability that he will get atleast one offer from these two b) 29/14490 d) 17/14490
companies?
a) 0.9 c) 0.7 25. A couple has two children. Find the probability P that
b) 0.8 d) 0.6 both children are boys given that atleast one of the children
is a boy.
17. What is the probability of drawing either a jack or a heart a) ½ c) ¼
in a single draw from a deck of 52 playing cards? b) 1/3 d) 1/5
a) 17/52 c) 4/13
b) 1/13 d) 1/52 26. A pair of fair dice is thrown. Find the probability that the
sum is 9 or greater if 4 appears on atleast one of the die.
18. Two people are chosen randomly from 4 married a) 4/11 c) 2/11
couples. What is the probability that they are husband and b) 3/11 d) 1/11
wife?
a) 1/7 c) 1/28 27. In a certain college, 5% of the men and 1% of the women
b) 1/14 d) 3/28 are taller than 6 feet. Furthermore, 65% of the students are
women. If a student is selected at random and is taller than
19. Three IE students and 5 ChE students are seated 6 feet, what is the probability that the student is a woman?
randomly in a row. What is the probability that the ChE a) ¼ c) 7/24
students will be together? b) 13/48 d) 5/16
a) 3/14 c) 1/8
b) 5/8 d) 1/14 28. One bag contains 4 white balls and 3 black balls, a
second bag contains 3 white balls and 5 black balls. One
20. What is the probability of getting a 10 exactly twice in ball is drawn from the first bag and placed unseen in the
three throws of a pair of dice? second bag. What is the probability that a ball now drawn
a) 0.981 c) 0.198 from the second bag is white?
b) 0.019 d) 0.802 a) 38/63 c) 25/63
b) 16/63 d) 1/7
21. What is the probability that exactly 2 out of 3 tosses of a
fair coin will be tails? 29. On the first six tests, Baam’s scores were 95, 91, 92, 78,
a) ½ c) ¼ 92, and 86. If Baam took a seventh test and raised his tests
mean by exactly +1, what was his score on the seventh
b) 3/8 d) 5/8
test?
a) 89 c) 95
22. Five light bulbs are chosen at random from 20 bulbs of
which 7 are defective. Find the probability that exactly one b) 92 d) 96
is defective.
a) 0.233 c) 0.277 40. An English class consists of 15 French students, 25
b) 0.727 d) 0.323 Italian students, 10 Korean students, and 15 Spanish
students. On an exam, the French students averaged 77,
23. What is the probability that of 5 cards dealt from a well Italian students averaged 75, Korean students averaged 78,
shuffled deck, 4 will be diamonds and 1 spade? and Spanish students averaged 76. Find the mean grade of
a) 143/39984 c) 11/16660 the class.
a) 76 c) 76.15
b) 11/39984 d) 143/16660
b) 76.10 d) 76.20