Engineering Economics MCQs
Practice free Engineering Economics multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 302 questions — no login required.
Question 263hard
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?
Question 264hard
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?
Advertisement
Question 265medium
What is normally used to compare alternatives that accomplish the same purpose but have unequal lives?
Question 267medium
What refers to the need, want or desire for a product backed by the money to purchase it?
Advertisement
Question 268medium
Using factor method, the depletion at any given year is equal to: