A. 12.35 % compounded annually
B. 11.90 % compounded annually
C. 12.20 % compounded annually
D. 11.60 % compounded annually
Correct Answer: 11.60 % compounded annually ✔
Last Updated: January 22, 2019
Related MCQs
- What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
- What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days__________?
- 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 ?
- What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?
- The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?
- 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”?
- 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?
- 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 ?
- 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?
- 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 ?
- Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?
- A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?
- Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?
- The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?
- A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?
- A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?
- First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?
- What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects ?
- What is considered as the standard unit which forms the basis of a country’s domestic money supply ?
- What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?
- What are the two classifications of goods and services ?
- What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?
- What refers to the goods and services that are required to support human life, needs and activities ?
- What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?
- What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?
- What is considered as the basic consuming or demanding unit of a commodity ?
- What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?
- What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?
- What market situation exists where there are few sellers and few buyers ?
- If there is only one seller and many buyers, the market situation is __________?
- What market situation exists where there is only one buyer and only one seller ?
- If there are many sellers and few buyers, the market situation is __________?
- Perfect monopoly exists only if__________?
- Oligopoly exists when there is/are __________?
- What is the market situation exist when there are many buyers and many sellers ?
- Duopsony is a market situation where there is/are__________?
- What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?
- What is another term for “perfect competition” ?
- Duopoly is a market situation where there is/are__________?
- What is the opposite of perfect competition ?
- Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?
- A __________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?
- What refers to the need, want or desire for a product backed by the money to purchase it ?
- “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the__________?
- “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the__________?
- What refers to the amount of a product made available for sale ?
- What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?
- Under ordinary simple interest, how many days in one year ?
- The difference between the present and future worth of money at some time in the future is called __________?
- One banker’s year is equivalent to __________ days?
- What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?