Chemical Engineering Mcqs

Submitted By: Ali Uppal

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  • Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?
  • A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?
  • By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?
  • How long will it take money to double itself if invested at 5% compounded annually ?
  • Which of these gives the lowest effective rate of interest ?

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