10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

PRE-TEST 3 (ENGINEERING ECONOMY)

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A price tag of P1200 is payable in 60 days but if paid with in 30 days, it will have a
3% discount. Find the interest rate. *

40.2%

37.1%

38.5%

39.3%

Compute the equivalent rate of 6% compounded semi-annually to a rate

6.04%

5.96%

5.92%

6.06%

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

How many years will P100,000 earned a compound interest of P50,000 if the
interest rate is 9% compounded quarterly? *

3.25

4.55

5.86

2.11

A service cas whose cash price was P540,000 was bought with a down payment
of P162,000 and monthly installments of P10,874.29 for 5 years. What was the
rate of interest if compounded monthly? *

20

26

24

22

The cost of equipment is P500,000 and the cost of installation is P30,000. If the
salvage value is 10% of the cost of equipment at the end of 5 years, determine
the book value at the end of fourth year. Use straight line method. *

P155,000

P140,000

P146,000

P132,600

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

A certain office equipment has a first cost pf P20,000 and a salvage value of
P1,000 at the end of 10 years. Determine its book value at the end of 6 years
using Sinking Fund Method at 3% interest. *

P9,320

P9,280

P8,970

P8,990

An asset is purchased for P120,000. Its estimated life is 10 years, after which it
will be sold for P12,000. Find the depreciation for the second year using the Sum
of Years Digit Method. *

P19,000

P17,673

P18,200

P18,400

A machine costing P720,000 is estimated to have a life of 10 years. If the annual

P679,454.27

P432,725.45

P532,845.34

P764,243.33

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

The annual income from the mine is P100,000 and the life of the mine is 20
years. Find the price that an investor os willing to pay for the mine of he
considers that money is worth 5% and if he is to accumulate a sinking fund at 6%
in order to replace the capital he invested. *

P1,295,595.97

P1,995,959.97

P1,529,847.29

P1,159,287.92

A manufacturer produces certain items at a labor cost per unit of P315, material
cost per unit of P100, variable cost of P3.00 each. If the item has a selling price
of P995, how many units must be manufactured each month for the
manufacturer to break even if the monthly overhead is P461,600. *

800

600

700

900

If money is worth 4%, find the present value of a perpetuity of P100 payable at
the beginning of each year. *

P3,000

P2,600

P2,900

P3,100

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

Compute the uninflated present worth of P5,000 in three years if the average
inflation rate is 6% and nominal rate of interest is 10%. *

P3,154.09

P4,167.64

P2,968.42

P3,162.48

How many years are required for an amount of money to quadruple itself if it is
invested at 4% interest rate? *

41.47

32.14

28.63

35.35

You have a choice to borrow P5,000 from a friend or from a bank. The bank
charges 20% per year while your friend charges 1.6% per month. If the loan is
payable in one year, where will you borrow to get the best deal and why? *

From the bank; I will save P1,049

From the bank; I will save P49.00

From a friend; I will save P49.00

From a friend; I will save P1,049

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

How often must a nominal rate of 18% be compounded in order to yield 18.81%
annually? *

quarterly

monthly

daily

semi-annually

Which of the following has the greatest effective rate? *

12.31% compounded quarterly

12.20% compounded monthly

12.35% compounded annually

12.32% compounded semi-annually

What quarterly payment is required over 15 years to equate with a future amount
of P150,000? Assume interest rate of 6% compounded continuously. *

P1,421

P1,553

P1,673

P1,332

SITUATION NO. 1: Five hundred pesos (P500.00) is deposited monthly to an

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10/1/21, 2:57 PM PRE-TEST 3 (ENGINEERING ECONOMY)

What is the amount of the deposit after five years? *

P35,796.45

P23,876.56

P45,983/23

P31,854.34

If the monthly deposit after two years is increased to P1,000.00, what is the
amount of the deposit after five years? *

P55,761.50

P67,983.49

P43,127.87

P58,567.43

If the interest rate is 18% compounded monthly, and the monthly deposit after
two years is increased to P1,000.00, what is the amount of the deposit after five
years? *

P68,984.63

P78,888.34

P71,745.31

P73,456.23

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