MCQs: A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 noninterest for 180 days. If discounted at once, find the proceeds of the note?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: 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 ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: Which of these gives the lowest effective rate of interest ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: How long will it take money to double itself if invested at 5% compounded annually ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: What is the present worth of two P 100 payments at the end of the third year and fourth year? The annual interest rate is 8%?
Category: Civil Engineering Mcqs, Published by: TCode Scripts

MCQs: A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due ?
Category: Civil Engineering Mcqs, Published by: TCode Scripts
