Interest of PhP1,904 was charged on a loan of PHP6,800 for 4 years. What simple annual rate of interest was charged on the loan? A. 5% В. 6% С. 7% Answer:

Q: Cost of machine = P 1.4 MUseful life = 8 yearsSalvage value = P10, 000Determine the 4thyear…

A:

Q: ECON The present value of an annuity of R pesos payable annually for 8 years, with the first…

A: Key references: General Finance

Q: If Sana made a Php 30,000 investment in a friend's business and received Php 50,000 5 years later,…

A: The given problem can be solved using the formula for Compound interest.

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.