A new Civil Engineer failing to complete his first building contract worth P70,000 in a specified time is compelled to pay a penalty of ½ of 1% per day for the first 6 days of extra time required, and for each additional day thereafter, the stipulated penalty is increased by 10% or P35 each day. If he pays a total penalty of P6,160, how many days did he overrun his contract time?
A new Civil Engineer failing to complete his first building contract worth P70,000 in a specified time is compelled to pay a penalty of ½ of 1% per day for the first 6 days of extra time required, and for each additional day thereafter, the stipulated penalty is increased by 10% or P35 each day. If he pays a total penalty of P6,160, how many days did he overrun his contract time?
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A new Civil Engineer failing to complete his first building contract worth P70,000 in a specified time is
compelled to pay a penalty of ½ of 1% per day for the first 6 days of extra time required, and for each
additional day thereafter, the stipulated penalty is increased by 10% or P35 each day. If he pays a total
penalty of P6,160, how many days did he overrun his contract time?
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