A contractor has committed to complete construction of a small storage building by July 29 for $35,000. If the building is not complete, the contractor must deduct 2% from the price of the building each day after July 29, including the day the building is completed. If the building is late, the new price of the building is calculated on a daily basis, and 2% of the new price is deducted on each subsequent day. If the contractor completes the building on July 31, what is the price?

Answer rating: 100% (QA)

If the contractor completes the building on July 31 it means there are two days of ... View the full answer