QUIZ No.

1
1.

A contractor has a job which should be completed in 100 days. At present, he has 80 men on the job and it is
estimated that they will finish the work in 135 days. Of the 80 men, 50 are each paid 120.00 a day, 25 at
180.00 a day, and 5 at 250.00 a day. For each day beyond the original 100 days, the contractor has to pay
500.00 liquidated damages.
a) How many more men should the contractor add so that he can complete the work on time?
b) If of the additional men, 2 are paid 180.00 a day, and the rest at 120.00 a day, would the contractor
save money by employing more men and not paying the fine?

2.

An engineer bidding on the asphalting of 7 km stretch of road is confronted with a problem of choosing
between two possible sites on which to set up the asphalting-mixing machine.
Site A
Site B
Average hauling distance
2.5 km
2.75 km
Monthly rental
35,000.00
6,500.00
Installing & dismantling of
20,000.00
10,000.00
machine
At site A, it would be necessary to hire 2 flagmen at 150.00 per working day. The job can be completed in 32
weeks working 6 days a week. The project requires 16,670 cubic meter of asphalt mix per kilometer of road. If
the asphalt mix is to be hauled by a contractor at 42.00 per cubic meter per km of haul, how much is site B
more expensive than site A?
Ans. Site B is more expensive than site A by 949,645.00

1.

2.

QUIZ No. 2
What will be the future worth of money after 12 months, if the sum of 25,000.00 is invested today at simple
interest rate of 1% per month?
Ans. 28,000.00

Determine the exact and ordinary simple interests on 1,200.00 for the period from January 16 to November
26, 1992, if the rate of interest is 24%.
Ans. ESI = 247.87 & OSI = 252.00

QUIZ No. 1

1. A contractor has a job which should be completed in 100 days. At present, he has 80 men on the
job and it is estimated that they will finish the work in 135 days. Of the 80 men, 50 are each paid
120.00 a day, 25 at 180.00 a day, and 5 at 250.00 a day. For each day beyond the original 100
days, the contractor has to pay 500.00 liquidated damages.
a) How many more men should the contractor add so that he can complete the work on time?
b) If of the additional men, 2 are paid 180.00 a day, and the rest at 120.00 a day, would the
contractor save money by employing more men and not paying the fine?
2. An engineer bidding on the asphalting of 7 km stretch of road is confronted with a problem of
choosing between two possible sites on which to set up the asphalting-mixing machine.
Average hauling distance
Monthly rental
Installing & dismantling of
machine

Site A
2.5 km
35,000.00
20,000.00

Site B
2.75 km
6,500.00
10,000.00

At site A, it would be necessary to hire 2 flagmen at 150.00 per working day. The job can be
completed in 32 weeks working 6 days a week. The project requires 16,670 cubic meter of asphalt
mix per kilometer of road. If the asphalt mix is to be hauled by a contractor at 42.00 per cubic
meter per km of haul, how much is site B more expensive than site A?

QUIZ No. 2
1. What will be the future worth of money after 12 months, if the sum of 25,000.00 is invested today
at simple interest rate of 1% per month?
2. Determine the exact and ordinary simple interests on 1,200.00 for the period from January 16 to
November 26, 1992, if the rate of interest is 24%.

QUIZ No. 1
1. A contractor has a job which should be completed in 100 days. At present, he has 80 men on the
job and it is estimated that they will finish the work in 135 days. Of the 80 men, 50 are each paid
120.00 a day, 25 at 180.00 a day, and 5 at 250.00 a day. For each day beyond the original 100
days, the contractor has to pay 500.00 liquidated damages.
a) How many more men should the contractor add so that he can complete the work on time?
b) If of the additional men, 2 are paid 180.00 a day, and the rest at 120.00 a day, would the
contractor save money by employing more men and not paying the fine?
2. An engineer bidding on the asphalting of 7 km stretch of road is confronted with a problem of
choosing between two possible sites on which to set up the asphalting-mixing machine.
Average hauling distance
Monthly rental
Installing & dismantling of
machine

Site A
2.5 km
35,000.00
20,000.00

Site B
2.75 km
6,500.00
10,000.00

At site A, it would be necessary to hire 2 flagmen at 150.00 per working day. The job can be
completed in 32 weeks working 6 days a week. The project requires 16,670 cubic meter of asphalt
mix per kilometer of road. If the asphalt mix is to be hauled by a contractor at 42.00 per cubic
meter per km of haul, how much is site B more expensive than site A?

QUIZ No. 2
1. What will be the future worth of money after 12 months, if the sum of 25,000.00 is invested today
at simple interest rate of 1% per month?
2. Determine the exact and ordinary simple interests on 1,200.00 for the period from January 16 to
November 26, 1992, if the rate of interest is 24%.