A candidate for mayor promises to reduce property taxes in the city by 2% per year while in office. Suppose the average citizen paid about $9000 per year in property taxes before the election. If the candidate keeps this promise, about how much will the average citizen pay after 4 years

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Mathematics

Kash Schmitt

25 August, 21:39

A candidate for mayor promises to reduce property taxes in the city by 2% per year while in office. Suppose the average citizen paid about $9000 per year in property taxes before the election. If the candidate keeps this promise, about how much will the average citizen pay after 4 years

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Kamila · Answer 1

9000 (.02) = 180

9000-180 = $8,820 (first year's tax)

8820 (.02) = 176.4

8820-176.4 = $8643.60 (second year's tax)

8643.6 (.02) = 172.87

8643.6-172.87 = $8470.73 (third year's tax)

8470.73 (.02) = 169.41

8470.73-169.41 = $8301.32 (fourth year's tax)