Question

Pick up the correct statement from the following:

a.

The change in the amount of money over a given time period is called 'time value' of money, a most important concept in engineering economy.

b.

The manifestation of the time value of money is termed as interest.

c.

Interest on borrowing = present amount owed - original loan

d.

All of these.

Answer: (d).All of these.

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