Engineering Economics
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

0.1029
0.1219
0.1154
0.1203

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The stock holders of the corporation are only liable to the extent of their investments.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.

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