A new engineering graduate who started a consulting business borrowed money for 1 year to furnish the office. The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate hadn't built up a credit history, the
bank made him buy loan default insurance for 5% of the loan amount. In addition, the bank charged a loan setup fee of $300. What
was the effective interest rate the engineer paid for the loan?

Apump is used to circulate hot water in a home heating system. water enters the well-insulated pump operating at steady state at a rate of 0.42 gal/min. the inlet pressure and temperature are 14.7 lbf/in.2, and 180°f, respectively; at the exit the pressure is 60 lbf/in.2 the pump requires 1/15 hp of power input. water can be modeled as an incompressible substance with constant density of 60.58 lb/ft3 and constant specific heat of 1 btu/lb or. neglecting kinetic and potential energy effects, determine the temperature change, in °r, as the water flows through the pump.

Athin walled concentric tube exchanger is used to cool engine oil from 160°c to 60°c with water that is available at 25°c acting as a coolant. the oil and water flow rates are each at 2 kg/s, and the diameter of the inner tube is 0.5 m and the corresponding value of the overall heat transfer coefficient is 250 w/m2. oc. how long must the heat exchanger be to accomplish the desired cooling? cpwater=4.187 kj/kg-candcpengine el=2.035 kj/kg·°c, oil . 120]

Prove the equivalence between the two statements of the 2nd law of thermodynamics (i.e., a violation of one statement leads to the violatio the other statement)