Civil Engineering Mcqs — Test 78
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Question 1
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 ?
Question 2
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 non-interest for 180 days. If discounted at once, find the proceeds of the note?
Question 3
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”?
Question 4
The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?
Question 5
What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?
Question 6
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 ?
Question 7
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?
Question 8
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
Question 9
Which of these gives the lowest effective rate of interest ?
Question 10
An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?