Waec Model Questions Vol1 2017 Civic Education Question 11
Practice objective / multiple choice question 11 from the 2017 Waec Model Questions Vol1 Civic Education examination.
An infrastructure contract is valued at N10,000,000. If the contractor does not pay any bribe, the project is delayed on average 6 months, and the contract stipulates a penalty of 2 % of the contract value for each month of delay. The contractor can pay a bribe equal to 5 % of the contract value, which reduces the delay to 3 months. Assuming the penalty is the only additional cost, calculate the amount saved (in Naira) by paying the bribe instead of not paying it.
Answer Options
About This Question
This is Waec Model Questions Vol1 2017 Civic Education Question 11. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.