A state highway department is planning the all road. It estimates that the construction cost (t = 0) will be $200M and maintenance costs will be $IM per year. In addition, every 20 years, a major res will have to be carried out at a cost of $25M. It is estimated that 6 million cars and ucks will use the road cach year, and it is decided that the toll charged to a truc times that of a car. The interest rate is 7%. Determine what the toll should be for each car and truck to cover all expenses for a eriod of 40 years. Assume the toll being charged and the estimated traffic flow
A state highway department is planning the all road. It estimates that the construction cost (t = 0) will be $200M and maintenance costs will be $IM per year. In addition, every 20 years, a major res will have to be carried out at a cost of $25M. It is estimated that 6 million cars and ucks will use the road cach year, and it is decided that the toll charged to a truc times that of a car. The interest rate is 7%. Determine what the toll should be for each car and truck to cover all expenses for a eriod of 40 years. Assume the toll being charged and the estimated traffic flow
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning