Congress is debating a proposed law to reduce tax rates. If the current tax rate is r%, then the proposed rate after x years is given by this formula:1 year2 years1 +5 yearsrRewrite this formula as a simple fraction.15 years1Use your formula to calculate the new tax rate after 1 year, 2 years, 5 years, and 15 years.1 +1XWould tax rates increase or decrease over time?O increasedecreaseCongress claims that this law would ultimately cut peoples' tax rates by 75%. Do you believe this claim? Explain.

Congress is debating a proposed law to reduce tax rates. If the current tax rate is r%, then the proposed rate after x years is given by this formula: Rewrite this formula as a simple fraction. Use your formula to calculate the new tax rate after 1 year, 2 years, 5 years, and 15 years. 1 year 2 years 1 + 5 years 15 years Would tax rates increase or decrease over time? O increase O decrease Congress claims that this law would ultimately cut peoples' tax rates by 75%. Do you believe this claim? Explain.

Congress is debating a proposed law to reduce tax rates. If the current tax rate is r%, then the proposed rate after x years is given by this formula: Rewrite this formula as a simple fraction. Use your formula to calculate the new tax rate after 1 year, 2 years, 5 years, and 15 years. 1 year 2 years 1 + 5 years 15 years Would tax rates increase or decrease over time? O increase O decrease Congress claims that this law would ultimately cut peoples' tax rates by 75%. Do you believe this claim? Explain.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section: Chapter Questions

Problem 92RE

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