A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. If of the additional men, 5 are paid Php 150.00, and the rest at Php 210.00, how much more is the savings of the contractor by hiring more men and not paying the fine? (Answer is in Php
A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. If of the additional men, 5 are paid Php 150.00, and the rest at Php 210.00, how much more is the savings of the contractor by hiring more men and not paying the fine? (Answer is in Php
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. If of the additional men, 5 are paid Php 150.00, and the rest at Php 210.00, how much more is the savings of the contractor by hiring more men and not paying the fine? (Answer is in Php.)
- Use continuous computations, round off your final answers to two (2) decimal places.
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