Answered: A man deposited P5,000 in a bank at a…

A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the ordinary simple interest. P368.05 O P358.05 P348.05 P338.05

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 21P

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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.

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A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the ordinary simple interest.
P368.05
P358.05
P348.05
P338.05

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