Ateneo de Naga University
College of Sciences, Engineering & Architecture
Department of Civil Engineering and Architecture
GEAL201 Engineering Economy
2nd Semester AY 2023-2024
Name: _______________________________ Section: ___________ Date: ________ Score: _____
Problem Set #1:
1. For a simple interest rate of 7% per annum, what is the principal amount if the
interest at the end of 6 ½ years is Php4,500?
Answer: _______________________
2. From July 1 to April 30 of the following year, a loan of Php50,000 is made at a
simple interest rate of 20% for a period of 13 months. What is the future amount
due at the end of the loan period?
Answer: _______________________
3. For a loan of Php11,500 with 11% ordinary simple interest, what is the interest
due for a period of 4 years and three months?
Answer: _______________________
4. If the rate of interest is 18%, determine the exact simple interest of Php4,000 for
the period from Feb. 14, 1984, to November 30, 1984.
Answer: _______________________
5. Find the present worth of Php20,000, which is due at the end of 9 months, if you
borrowed from your friend with a simple interest rate of 12%.
Answer: _______________________
6. For the period from January 10 to June 27, 1993, determine the ordinary and
exact simple interests on Php22,500 at a rate of 18%.
Answer: _______________________
7. If the rate of interest is 13.7%, determine the exact simple interest of Php25,000
for the period from September 27, 2001, to March 23, 2003.
Answer: _______________________
8. Borrowing Php412,500 for 105 days at a simple interest rate of 16% per annum,
how much will be due at the end of 105 days?
Answer: _______________________
9. If the rate of interest is 24%, determine the exact and ordinary interests on
Php1,200 for the period from January 16 to November 26, 1992.
Answer: _______________________
10. If Php25,000 is invested today at a simple interest rate of 1.1% per month, what
will be the future worth of the money after 12 months?
Answer: _______________________