Civil Engineering MCQs

Page No. 66

How long will it take money to double itself if invested at 5% compounded annually ?


a13.7 years


b14.7 years


c14.2 years


d15.3 years


View Answer 14.2 years

An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?


a11.89 %


b12.00 %


c12.08 %


d12.32 %


View Answer 11.89 %

Which of these gives the lowest effective rate of interest ?


a12.35 % compounded annually


b11.90 % compounded annually


c12.20 % compounded annually


d11.60 % compounded annually



What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?


a8.07 %


b8.12 %


c 8.16 %


d8.24 %


View Answer 8.24 %

What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?


a19.61 %


b19.44 %


c19.31 %


d 19.72 %


View Answer 19.72 %

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 ?


a9.01 %


b 9.14 %


c9.31 %


d 9.41 %


View Answer 9.14 %

What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?


a P39.01


bP39.82


cP39.45


dP39.99


View Answer P39.45

The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?


a 3.90 %


b3.92 %


c3.95 %


d3.98 %


View Answer 3.90 %

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”?


a13.15 %


b13.32 %


c13.46 %


d13.73 %


View Answer 13.73 %

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 P18,000


bP18,900


cP19,000


dP19,100


View Answer P18,000

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