ENGINEERING ECONOMY 1.
The method method of depreci depreciati ation on where where fixed fixed sum of money money is regular regularly ly deposit deposited ed at compou compound nd interes interestt in a real real or imaginary fund in order to accumulate an amount equal to the total depreciation of an asset at the end of the asset’s estimated life is known as; A. straight line method B. S! method ". !ecl !eclin inin ingg #ala #alanc ncee meth method od !. Sink Sinkin ingg fund fund met metho hodd
Answer: D
$.
The term used used to expres expresss the series series of uniform uniform payme payments nts occurri occurring ng at equal equal inter%al inter%al of of time is; is; A. compound interest interest B. annuity ". perpetuity !. depre eprecciati iation on
Answer: B
&.
The profit profit deri%ed deri%ed from a pro'ect or #usiness #usiness enterpri enterprise se without without considerat consideration ion og o#ligatio o#ligations ns to financial financial contri#ut contri#utors ors and claims of others #ased on profit is known as; A. yield B. earn arning ing %alue alue ". econ econom omic ic retu return rn !. expec pected ted yie yield ld
Answer: C
(.
As applied applied to capitali) capitali)ed ed asset* asset* the distri#uti distri#ution on of the initial initial cost #y periodic periodic changes changes to operatio operationn as in depreciatio depreciationn or the reduction of the depth #y either periodic or irregular prearranged program is called A. amorti)ation B. annuity ". depre eprecciati iation on !. capi capita tall rec reco% o%er eryy
Answer: A
+.
Those Those funds funds that that are requi required red to make the enterp enterprise rise or pro'ect pro'ect going going conc conc A. #anking B. accu accumu mula late tedd amou amount nt ". work workin ingg capi capita tall !. prin princi cipa pall or pre prese sent nt wor worth th
Answer: C
,.
These These are product product or ser%ice ser%icess that are desire desiredd #y humans humans and will will #e purchas purchased ed if money money is a%aila a%aila#le #le after after the required necessities ha%e #een o#tained A. utilities B. necessities ". luxuries !. prod produc ucer er goo goodd and and ser% ser%ic ices es
Answer: C
-.
These These are product product or ser%i ser%ices ces that that are required required to suppo support rt human human life and and acti%it acti%ities* ies* that that will will #e purchase purchasedd in some some what the same quantity e%en thought the price %aries considera#ly. A. utilities B. necessities ". luxuries !. produc producers ers goods goods and ser%i ser%ices ces
Answer : B
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A conditi condition on where only a few indi%idu indi%iduals als produ produce ce a certain certain product product and that that any any action action of one one will lead to almost almost the same action of the others. A. oligopoly B. semi/m mi/moonopo nopoly ly ". monopoly !. perf perfec ectt comp compet etititio ionn
Answer : A
0.
This occurs occurs in a situati situation on where where a commodity commodity or or ser%ice ser%ice is suppli supplied ed #y a num#er num#er of %endors %endors and and there is nothi nothing ng to pre%ent additional %endors entering the market. A. perfect competition competition B. monopoly ". oligopoly !. elas lastic tic dem deman andd
Answer : A
1. 2t is the amount that that a willing #uyer #uyer will pay to a willing willing seller seller for a property property where each each has equal ad%antag ad%antagee and is under no compulsion to #uy or sell. A. fair %alue B. use %alue ". market %a %alue !. #ook %a %alue Answer : C
11. 2t is defined defined to #e the capacity capacity of a commodi commodity ty to satisfy satisfy human human want. A. discount’ B. luxuries ". utility !. necessity Answer: C
1$. A form a summary summary of of assets* assets* lia#ilit lia#ilities ies and and net net worth; worth; A. #alance method method B. #rea #reak/ k/e% e%en en poin pointt ". #alan alancce sheet eet !. production Answer : C
1&. The worth of a property* which which is equal to the original original cost less depreciation* is known as; A. earning %alue B. scrap %alue ". #ook %a %alue !. face %a %alue Answer : C
1(. 3hen using using net present present worth calcul calculatio ationn to compare two pro'ect pro'ects* s* which of the followi following ng could could in%alidated in%alidated the the calculations4 A. mutually exclusi%e exclusi%e pro'ects pro'ects B. e%alu e%aluati ation on o%er o%er differ different ent perio periods ds ". non/co non/con%e n%enti ntiona onall cash cash flows flows !. differ differenc encee in the magn magnitu itude de of the the pro'ect pro'ects5 s5 Answer : B
1+. 3hich 3hich of the the following following is a form form of #usiness #usiness6com 6company pany owner ownership ship44 A. partnership B. corporation ". sing single le prop propri riet etor orsh ship ip !. all of these
Answer : D
1,. 3hat must must two in%estments with the same present present worth and unequal unequal li%es ha%e4 A. identical sal%age sal%age %alue B. diff differ eren entt sal% sal%ag agee %alu %aluee ". identica identicall equi%a equi%alent lent uniform uniform annual annual cash flows !. differ different ent equi% equi%ale alent nt annua annuall cash cash flows flows Answer : C
1-. 3hat is the the formula formula for a strai straight/l ght/line ine deprec depreciati iation on rate4 rate4 A. 17 /7net sal%age sal%age %alue 8stimated ser%ice life B.
7net 7net sal% sal%ag agee %al %alue ue 8stimated ser%ice life
". 17 17 net net sal sal%a %age ge %alu %aluee estimated ser%ice life !. a%er a%erag agee net net sal% sal%ag agee %alu %aluee estimated ser%ice life Answer : A
1. The amount amount recei%ed recei%ed from the sale sale of an additional additional unit unit of a product product is termed as9 A. marginal cost cost B. marg margin inal al util utilitityy ". marg arginal inal unit unit !. marg margin inal al re%e re%enu nuee Answer: D
10. An accounting #ook where the original record of all all transaction is ordinarily recorded. A. 'ournal B. credit en entry ". de#it entry !. tran transa sact ctio ionn reco record rd Answer : A
$. An interest/ea interest/earning rning fund in which which equal deposits deposits are made at equal inter%als inter%als of time for the purpose purpose of graduall graduallyy accumulating accumulating a specific sum of money required at some future date. A. amorti)ation B. sinking fu fund ". annuity !. capi capita talili)e )edd cos costt Answer 9 B $1. 3hat is work/i work/in/pro n/process cess classifi classified ed as4 as4 A. an asset B. lia#ility ". an ex expense !. owner wner’’s equ equit ityy Answer : A
$$. 3hich 3hich is a form form of #usine #usiness6c ss6compa ompany ny ownersh ownership4 ip4 A. partnership B. corporation ". sing single le prop propri riet etor orsh ship ip !. all of th the lilist Answer : D
$&. The decrease decrease in %alue %alue of a physical physical propert propertyy due to the passage passage of time; time; A. inflation B. depletion ". recession !. depre eprecciati iation on Answer : D
$(. 3e may classify an interest interest rate* which which specifies specifies the actual rate an interest on the principal principal for one year as9 A. :ominal rate B. ate ate of ret return urn ". 8xac 8xactt inte intere rest st rat ratee !. 8ffec ffecti ti%e %e rate rate Answer : D
$+. This law states that <3hen the use use of one of the factors factors of production production is limited* either in increasing increasing cost or #y a#solute a#solute quantity* a point will #e reached #eyond #eyond which an increase in the %aria#le %aria#le factors will result in less than proportionate proportionate increase in output.= A. >aw of Supply and !emand B. >aw >aw of !imi !imini nish shin ingg etu eturn rn ". >aw of ?ra% ra%ity !. >aw >aw of dim dimin inis ishi hing ng @ti @tilility ty Answer : D
$,. The differen difference ce #etween #etween the prese present nt worth and and the worth at some some future future time time is9 A. !iscount B. rofit ". "redit !. !e#it Answer : A
$-. The act of charging two or more #uyers #uyers or sellers sellers different prices prices for the same product product where the elasticities of supply or demand at each price le%el differ differ among market is known as9 A. rice optimi)ation optimi)ation B. r ric icee disc discri rimi mina natition on ". r ric icee manip manipul ulat atio ionn !. rice wa war Answer: B
$. A formal organi)at organi)ation ion of producers producers within an industry industry forming forming a perfect perfect collision collision purposel purposelyy formed to increase increase profit and #lock newcomers from the industry* is termed as; A. ligopoly B. Conopoly ". "orporation !. "artel Answer: D $0. A situation in which ri%al firms dri%e prices prices down through through attempts to undercut each each other’s price is called; called; A. rice war B. r ric icee discr discrim imin inat atio ionn price price ". r ric icee >ea >eade ders rshi hipp !. lig ligop opol olis istiticc mono monopo poly ly Answer: A &. The price that the quantity quantity per unit time time that the #uyers want want to #uy is 'ust 'ust equal to the quantity quantity the sellers sellers want to sell is called; A. Break/e%en price price B. 8qui 8quilili#r #riu ium m pri price ce ". Cinimu nimum m pric rice !. Caxi aximum price rice Answer: B
&1. The length length of time during which which a property is capa#le capa#le of performin performingg the function function for which it was designed designed and manufactured is termed as; A. economic life life B. >ife span ". 8ternal lilife !. hysi ysical life life Answer : D
&$. 2t is a distinct distinct legal legal entity* separate separate from indi%id indi%iduals uals who own it and which can engage engage in pratically pratically any #usiness #usiness transaction which real person can do. A. artnership B. Sing Single le prop propri riet etor orsh ship ip ". 8ternal >i >ife !. hysi ysical life life Answer : A
&&. A market where#y where#y there is only one one #uyer of an item for for which there there are no goods goods su#stitute. su#stitute. A. Conopoly B. ligopoly ". ligopsony !. Conopsony Answer : D
&(. This form of #usiness #usiness ownership ownership is a legal entity possessing possessing many of the legal powers powers of indi%iduals. indi%iduals. 2t can hold title title to property* sue and #e sued in its own name. 2t is called9 A. corporation B. company ". gene genera rall part partne ners rsah ahip ip !. indi%i indi%idua duall propri proprieto etorsh rship ip Answer : A
&+. The #alance #alance sheet sheet is a state statement ment showi showing ng the financia financiall status status of the compan companyy at any gi%en gi%en time. time. 3hich 3hich of the statements is not a part of the #alance sheet. A. lia#ilities B. assets ". cost cost of good goodss sol soldd !. net worth Answer : C
&,. efers to cost of merchandise which excludes excludes freight and insurance cost; A. freight/on/#oard B. sunk cost ". de#entures !. #ook %a %alue Answer: D &-. A fund into into which annual annual deposits deposits of A are are made in order to accumulate accumulate fund D at n years years in the future. A. Amorti)ation B. Annuity ". !epre eprecciati ation !. Singk ngking ing fund fund Answer : D &. "ash money money credit credit necessary necessary to esta#lish esta#lish and operate operate an enterpris enterprise. e. A. funds B. capital ". lia#ilities !. assets Answer: B
&0. the worth worth of property property which which is equal to the origin original al cost cost less deprecia depreciation; tion; A. scrap %alue B. earn arning ing %alue alue ". #ook %a %alue !. face %a %alue Answer: C
(. 2ntangi#l 2ntangi#lee assets assets of a corpor corporation ation or company company A. dacion/en/pago B. in%estment ". patents !. equity Answer : C
(1. additional information to prospecti%e prospecti%e #idders #idders on contract contract documents documents issued issued to #idding date; date; A. escalatory clause B. delicts ". techno technolog logica icall assess assessmen ments ts !. #id #u #ulletin Answer: D
($. A ci%il wrong committed committed #y one person causing causing damage to another person person or his property or reputation; reputation; A. tort B. negligence ". mate materi rial al #rea #reach ch !. fraud Answer: A
(&. (&. 3hat 3hat is is an an annu annuitity4 y4 A. A series of equal equal payments at equal time periods. periods. B. The cost cost of manufa manufactu cturin ringg a prod product uct ". An in%est in%estment ment that that yields yields an equal equal amount amount of intere interest st each each year !. The o%erhe o%erhead ad cost cost per per unit unit of prod product uction ion Answer: A
((. "onsist of the actual counting counting or determination of the actual quantity quantity of the materials materials on hands as as of a gi%en date; date; A. hysical in%entory B. Tech Techno nolo logi gica call asses assestm tmen entt ". Cate Cateri rial al upda update te !. Cater ateriial count ount Answer: A
(+. An artificial artificial expense that spreads the purchase price of an assets or other property o%er a num#er num#er of years A. !epreciation amnesty amnesty B. Sinking fu fund ". Bond Answer: A (,. estimate estimatedd %alue %alue at the the end of the the useful useful life; life; A. sal%age %alue %alue B. econom onomic ic life ". #alan alancce sheet eet !. comp compou ound nded ed annu annual ally ly
Answer: A
(-. The record recorded ed curren currentt %alue %alue of an asset asset is known known as 9 A. scrap %alue B. #ook %alu ". sal%a l%age %alu %aluee !. pres resent worth orth
Answer: B
(. The ratio ratio of the interest interest paymen paymentt to the principal principal for for a gi%en unit unit of time and is usual usually ly expresse expressedd as percentag percentagee of the principal is known as9 A. in%estment B. nomi nomina nall inte intere rest st ". interest !. inter ntereest rate rate Answer: D
(0. A method of depreciation depreciation where#y where#y the amount to reco%er reco%er is spread spread o%er the estimated estimated life of the the asset in terms terms of the periods or units of output is called A. S! method method B. !ecl !eclin inin ingg #ala #alanc ncee meth method od ". Stra Straig ight ht line line meth method od !. Sing Singki king ng fund fund meth method od Answer: C
+. The interest rate at which the present worth of cash flow flow of a pro'ect pro'ect is )ero* or the interest earned #y an in%estment. in%estment. A. ate of return B. 8ffec ffecti ti%e %e rate rate ". :ominal ra rate !. ield Answer: A
+1. 2t is the the amount amount of money money earned earned #y gi%en gi%en capital capital99 A. 2nterest B. Annuity ". "ash flflow !. :one :one of the the a#o a#o%%e Answer: A
+$. 3hich 3hich of the the following following is a type type of simpl simplee interest; interest; A. rdinary B. 8xact ". Both A and B !. :one :one of the the a#o a#o%%e Answer: C
+&. The interest earned #y the principal competed at the end of the in%estment in%estment period* period* it %aries directly with with time. A. "ompound interest interest B. Simple mple int inteeres rest ". Annuity !. erpetuity Answer: B
+(. The interes interes is complete completedd e%ery end of each interest interest period period and the interes interestt earned for the period period is added to the principal. A. "ompound interest interest B. Simp Simple le inte intere rest st ". Annuity !. erpetuity Answer: A
++. 2t is rate quoted quoted in descri# descri#ing ing a gi%en gi%en %ariety %ariety of compound compound interest interest A. nominal rate B. effe ffecti% ti%e rate rate ". simple rate !. compou mpound nd rate rate Answer: A
+,. 2t is the the actual actual interes interestt earned earned in one year year period. period. A. :ominal rate B. 8ffec ffecti ti%e %e rate rate ". Simple rate !. "ompo ompoun undd rate rate Answer: B
+-. a series series of uniform uniform payment paymentss made at at equal inter% inter%als als of time time . A. perpetuity B. interest ". rate !. annuity Answer: D
+. 3hich 3hich of the the follow following ing is is type type of annuit annuity. y. A. rdinary B. !eferred ". Annuity due !. All of of th the a#o a#o%%e Answer: D
+0. An annuity where thepayments thepayments periods extend fore%er fore%er or the periodic periodic payments payments continue continue indefinitely. indefinitely. A. erpetuity B. 2nterest ". ate !. Annuity Answer: A
,. The payment payment is made made at the end of each each perio startin startingg from the first first period. period. A. rdinary annuity annuity B. !efe !eferr rred ed annu annuitityy ". Annuity due !. All of of th the a#o a#o%%e Answer: A
,1. The first first payment payment is deferred deferred a certain certain num#er num#er of periods periods after the the first. A. rdinary annuity annuity B. !eff !effer ered ed annu annuitityy ". Annuity due !. :one :one of the the a#o a#o%%e Answer: B
,$. The payment payment is made at the #eginning #eginning of each period period starting from the first period. period. A. rdinary annuity annuity B. !eff !effer ered ed annu annuitityy ". Annuity due !. :one :one of the due due Answer: D
,&. 2t is is an applicat application ion of perpet perpetuity. uity. A. "apitali)ed cost B. Cachine co cost ". Canp anpowe ower cost ost !. 8quipm uipmen entt cos costt Answer: A
,(. 2t refers to the decrease in the %alue %alue of an asset asset due to to usage of passage of time. A. 2nterest B. Annuity ". !epre eprecciati ation !. erpetuity Answer: C
,+. 3hich 3hich of the following following is is the method method of computing computing depreci depreciatio ationn A. Straight line depreciation B. Sink Sinkin ingg fun fundd met metho hodd ". Sum Sum of of the the year yearss met metho hodd !. All All of the the a#o a#o%e %e.. \
Answer: D
,,. The most common common method method used in computin computingg deprec depreciatio iation; n; A. Straight line depreciation B. Sink Sinkin ingg fun fundd met metho hodd ". Sum Sum of of the the years years digit digit method method !. !ecl !eclin inin ingg #ala #alanc ncee meth method od Answer: A
,-. The depreciation charge charge in this method method is assumed assumed to %ary directly directly to the num#er of years years and in%ersely in%ersely to the sum of the year’s digit. A. Straight line depreciation B. Sink Sinkin ingg fun fundd met metho hodd ". Sum Sum of of the the year’s year’s digit digit method method !. !ecl !eclin inin ingg #ala #alanc ncee meth method od Answer: C
,. 2t is in%ested yearly at a rate of of 2 to amount amount to ED" FSGH at the end of the life to the property. property. A. Straight line depreciation B. Sink Sinkin ingg fun fundd met metho hodd ". Sum Sum of the years years digit digit method method !. !ecl !eclin inin ingg #ala #alanc ncee meth method od Answer: B
,0. A written contract contract to pay a certain certain redemption redemption %alue %alue on a specifie specifiedd redemption redemption date and to pay equal di%iden di%idends ds periodically A. Bond B. "apital ". 2nterest !. Annuity Answer; A
-. A method method of determini determining ng when cost cost exactl exactlyy equal to to re%enue. re%enue. A. 8xoerimental 8xoerimental method B. Br Brea eak/ k/e% e%en en meth method od ". Br Brea eak/ k/ad addd meth method od !. :one :one of the the a#o a#o%%e Answer: B
-1. Dind the interest interest on ,*. for & years at 117 simple interest. interest. A. 1*-+. B. 1*0-. ". $*1((. !. $*$((. Answer: D
-$. A man #orrowed 1*. from his his friend and agrees to pay at the end of 0 days under 7 swimple interest interest rate. 3hat is the required amount4 amount4 A* 1*$. B 11*+. ". 0*+. !. 1*-. Answer: A
-&. Annie #uys a tele%ision set from a merchant who offers $+*. at the end of , days. Annie wished wished to pay immediately immediately and the merchant merchant offers to compute compute the required required amount on the assumption that the money is worth 1(7 simple interest. 3hat is the required amount4 A. $*$&(.B. 10*$$$.,". $(*($0.0!. $*(+,.$& Answer: C
-(. 3hat is the principal principal amount if trhe amount of interes interes at the end of $16$ year is (*+. (*+. for a simple interest of ,7 per annum4 A. &+*. B. &*. ". (*. !. (+*. Answer: B
-+. Iow long must a (* note #earing #earing (7 simple interest interest run to amount amount to (1*&+.4 A. &( days B. (& days ". &( days !. (& days Answer:C
-,. 2f 1,* earns ( in 0 monnths* monnths* what is the annual rate of interest4 interest4 A. 17 B. $7 ". &7 !. (7 Answer: D
--. A man lends ,* at ,7 simple simple interest for ( years. At the end of this time he in%est the entire amount Eprincipal Eprincipal plus interestH interestH at +7 compounded compounded annually annually for 1$ years. Iow much will he ha%e at the end of the 1,/year period.4 A. 1&*&,1.$ B.. 1&*,&&.$ ". 1&*&&&.$ !. 1,*&$&.$ Answer: A
-* A time deposit of 11* for &1 days earns 0.&0 on maturity date after deducting the $7 withholding tax tax on interest income. Dind interest per annum. A. 1$.+7 B. 11.0+7 ". 1$.$+7 !. 11.-+7 Answer: D
-0. A #ank charges 1$7 simple simple interest on a &. loan. Iow much will #e repaid if the loan loan is paid #ack in one lump sum after three years. A. (. B. ++1. ". (1+. !. (+. Answer: A
. A tag price of a certain certain commodity is is for 1 days. 2f paid in &1 days* days* there is &7 discount. discount. 3hat is the simple interest paid.4 A. 1$.+7 B. ,.$+7 ". $$.&$7 !. 1,.1(7 Answer: D
1. Accumulate +*. +*. for 1 years at 7 compounded compounded quarterly. A. 1$*(+,.$ B. 1&*-,.+ ". 1*&(+. !. 11*(.$ Answer: D
$. Accumulate +*. for 1 years years at 7 compounded compounded semi/annually. semi/annually. A. 1*0++.,1 B. 1*$&&.,". 0*(++.,!. 11*-,.&( Answer: A
&. Accumulate +*. for 1 years at 7 compounded compounded monthly A. 1+*(+,.-+ B. 11*1$.,1 ". 1*0++.,1 !. 1*0++.,1 Answer: B
(. Accumulate +*. for 1 years years at 7 compounded compounded annually. annually. A. 1*-0(.,$ B. *+,-.0". 1*0-.0 !. -*-,.Answer: A
+. Iow long it will take 1* to amount to 1*&(, if in%ested at ,7 compounded quarterly. A. & years B. ( years ". + years !. , years Answer: C
,. Iow long will it take for an in%estment in%estment to dou#le its amount if in%ested in%ested at an interest rate of ,7 compounded #i/monthly A. 1 years B. 1$ years ". 1& years !. 1( years Answer: B
-. 2f the compound compound interest on &*. in years is +. then the compound interest on &*. in ( years is9 A. 0+,. B. 1*&. ". 1*1$+. !. 1*+$,. Answer: B
. The salary of Cr. "ru) is increased increased #y &7 e%ery $ years #eginning #eginning January 1* 10$. "ounting from that date* at what year will his salary 'ust exceed twice his original salary4 A. 10 B. 100 ". 100 !. 1001 Answer: A
0. 2f you #orrowed 1* from the #ank with with 17 interest per annum* what is the total total amount to #e repaid at the end of one year. A. 11*. B. 10*. ". $*. !. 1*1. Answer: A
0. 3hat is the effecti%e rate for an inteerest inteerest rate at 1$7 compounded continously4 continously4 A. 1$.17 B. 1$.07 ". 1$.($7 !. 1$.-+7 Answer: D
01. Iow long it will take for an in%estment to fi%efold its amountif money is worth 1(7 compounded semiannually. A. 11 B. 1$ ". 1& !. 1( Answer: B
0$. An interest of 7 compounded semiannually semiannually is how many percent if compounded quarterly4 A. -.17 B. -.+7 ". -.0$7 !. .17 Answer: C
0&. A man is expecting expecting to recei%e recei%e (+*. at the end of - years. years. 2f money is worth1(7 compounded quarterly how much is it worth at present4 A. 1$+*(+.&, B. 1(-*(+,.&, ". 1,$*(++.,& !. 1-1*-((.(( Answer: D
0(. A man has a will of ,+*. ,+*. from his father. 2f his father deposited an amount amount of (+* in a trust fund earning 7 compounded annually* after how many years will the man recei%e his will4 A. (.++ years B. (.-- years ". +.11 years !. +.&& years Answer: B
0+. Cr. Adam deposited deposited 1$*. in a #ank who offers 7 7 interest compounded compounded quarterly. 2f the interest is su#'ect to a 1(7 tax* how much will he recei%e after + years4 A. 1-*&1&.,0 B. 1+&*&(0.-". 1-*1(0.-!. 1-+*&(&.-Answer: C
0,. 3hat interest compounded monthly monthly is equi%alent to an interest rate of 1(7 compounded quarterly A. 1.1+7 B. 1&.(7 ". 1.&7 !. 11.+$7 Answer: B
0-. 3hat is the worth of two 1* payments payments at the end of the third and the fourth year4 The annual interest rate is 7. A. 1+$.B. 11$.&( ". 1-.0 !. 1-,.,Answer: A
0. A firm #orrows $*. $*. for , years at 7. At the end of , years* years* it renews the loan for the amiount due plus $* $* more for $ years at 7. 3hat is the lump sum due. A. +*,-0.,B. ,*-0.0 ". ,*&(.,, !. +*.-Answer: C
00. At an annual rate of return of 7* what is is the future worth of of 1* at the end of of ( years4 A. 1*&.0 B. 1*$&(.+, ". 1*-,+.+, !. 1*&,.+ Answer: D
1. A student has money gi%en #y his grandfather grandfather in the amount amount of $*.. $*.. Iow much money in the formof interest will he get if the money isput in a#ank that offers 7 rate compounded annually annually at the end of - years4 A. &(*$-,.( B. &(*$-. ". &,*$-,.( !. &(*$,,., Answer: A
