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| Exercise 5.3

Question 15

A contract on a construction job specifies a penalty for delay of completion beyond a certain date as follows: ₹ 200\text{₹ } 200 for the first day, ₹ 250\text{₹ } 250 for the second day, ₹ 300\text{₹ } 300 for the third day, etc., the penalty for each succeeding day being ₹ 50\text{₹ } 50 more than for the preceding day.

How much money the contractor has to pay as penalty, if he has delayed the work by 30 days?

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