fbpx

Solution: Find the proceeds of the promissory note of Agnes Abanilla

(Last Updated On: December 8, 2017)

Find the proceeds of the promissory note of Agnes Abanilla

Problem Statement: ME Board April 1993

Agnes Abanilla was granted a loan of P20,000 by her employer CPM Industrial Fabricator and Construction Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

  • A. P18,600
  • B. P18,800
  • C. P19,000
  • D. P19,200

Problem Answer:

The proceeds of the promissory note of Agnes Abanilla is P18,800.

Solution:

Solution: Find the proceeds of the promissory note of Agnes Abanilla

Latest Problem Solving in Engineering Economics (Simple & Compound Interest)

div.feedburnerFeedBlock ul li {background: #E2F0FD;
list-style-type: none;
margin:0 0 5px 0px;
padding:5px 5px 5px 10px !important;
border: 1px solid #0080ff;
border-radius:8px;
-moz-border-radius:8px;
-webkit-border-radius:8px;

}

div.feedburnerFeedBlock ul li:hover {
background:#ffffff;
}

div.feedburnerFeedBlock ul li a{
color:#ffffff;
text-decoration:none;
}

div.feedburnerFeedBlock ul li a:hover {
text-decoration: underline;
color: #000000;
}
div #creditfooter{
display: none;
}

More Questions in: Engineering Economics (Simple & Compound Interest)

Online Questions and Answers in Engineering Economics (Simple & Compound Interest)

If you liked this, then please subscribe to our YouTube Channel for engineering video tutorials. You can also find us on Twitter and Facebook. Lastly, Our app is now available on Google Play, Pinoybix Elex

Add Comment

© 2014 PinoyBIX Engineering. © 2019 All Rights Reserved | How to Donate? | Follow me on Blogarama DMCA.com Protection Status
mcq in computer fundamentals
➡️ MCQ in Computer Fundamentals Series | ECE Board Exam
mcq in industrial electronics
➡️ MCQ in Industrial Electronics Series | ECE Board Exam
MCQ in Power Generators (Cells and Batteries) Part 5 | ECE Board Exam
➡️ MCQ in Power Generators, Sources, Principles, Applications Series | ECE Board Exam
mcq in electrical circuit
➡️ MCQ in Electrical Circuit Series | ECE Board Exam

NEED SUPPORT: LIKE MY PAGE & SHARE

Our app is now available on Google Play, Pinoybix Elex

Get it on Google Play