A student deposits P1,500 in a 9% account today. He intends to deposit another P3,000 at the end of two years. He plans to purchase in five years his favorite shoes worth P5,000. Calculate the money that will be left In his account one year after the purchase? P1,260 O P1,280 O P1,300 O P1,250

A student deposits P1,500 in a 9% account today. He intends to deposit another P3,000 at the end of two years. He plans to purchase in five years his favorite shoes worth P5,000. Calculate the money that will be left In his account one year after the purchase? P1,260 O P1,280 O P1,300 O P1,250

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

Engineering Economics Principles

Engineering economics (engineering economy) is a sub-field of economics to study the use and application of the economic principles in the engineering analysis of decisions along with the systematic evaluation of the advantages of project costs inclusive of engineering design and analysis. It emphasizes microeconomics (a subset of economics) for researching the behavior of people in the decision-making process of assigning and determining multiple alternatives to the usage of some of the restrained resources and merging economic theory and engineering practice in a practical manner. It depicts the logical framework of economics in addition to the analytical application of statistics and mathematics.

Question

A student deposits P1,500 in a 9% account today. He intends to deposit another
P3,000 at the end of two years. He plans to purchase in five years his favorite
shoes worth P5,000. Calculate the money that will be left In his account one year
after the purchase?
P1,260
P1,280
P1,300
P1,250

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