document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=341731>Question 341731</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A politican states, \"i plan to cut your taxes. Each year for the next 4 years, I will reduce your taxes by 3% from the previous year.This will result in a total reduction of 12%'<BR>\n" );
document.write( "Clearly evaluate the accuracy of the politians statement.<BR>\n" );
document.write( "Support your response by assuming a taxpayer paid $2000 in taxes the year previous to the politician's election. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #244707 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=244707\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 2000-.03*3000=2000-60=1940 year 1<BR>\n" );
document.write( "1940-.03*1940=1940-58.20=1881.40 year 2<BR>\n" );
document.write( "1881.40-.03*1881.40=1881.40-56.45=1824.95 year 3<BR>\n" );
document.write( "1824.95-.03*1824.95=1824.95-54.74=1770.20<BR>\n" );
document.write( "(2000-1770.20)/2000=229.80/2000=.1149 or 11.49% reduction in taxes.<BR>\n" );
document.write( "Politicians always s t r e t c h the facts. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );