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A contract on construction job specifies a penalty for delay ofcompletion beyond a certain date as follows:Rs 200 for the first day, Rs 250 for the second day, Rs 300 for thethird day, etc.The penalty for each succeeding day being Rs 50 more than forthe preceding day.(i) How much money the contractor has to pay as penalty, if hehas delayed the work by 30 days ?(ii) Which mathematical concept is used in the above problem ?(iii )Which value should be promoted in this problem ? |
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Answer» Please have a look on ATTACHMENT... Hope this helps! |
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