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Your credit card has a nominal interest rate of 18%. If the interest is calculated monthly, what is the effective annual rate?

(A)19.0%

(B) 18.5%

(C) 19.6%

(D) 20.1%

The Correct Answer

A company can manufacture a product using hand tools. Tools will cost $1,000, and the manufacturing cost per unit will be $1.50. As an alternative, an automated system will cost $15,000 with a manufacturing cost per unit of $0.50. With an anticipated annual volume of 5,000 units and neglecting interest, the break-even point (years) is most nearly:

(A) 2.0 (B) 2.8 (C) 3.6 (D) 15.0

Correct Answer: B

What the standard units used when using the Reynolds Number?

(A) ft/s2 (B) centipoise (C) kg/s (D) None

Correct Answer: D

What is the gauge pressure of at a point that is 15 meters below the surface of water that has an atmospheric pressure of 14.7 PSIA?

(A)147,150 pa (B) 150,000 pa (C) 147,250 pa (D) 147,000 pa

Correct Answer: A

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