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If the tax in CA increases by 20% each year for the next 4 y
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27 Jul 2018, 09:00
27 Jul 2018, 09:00
Expert Reply
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Question Stats:
64% (01:55) correct
35% (02:20) wrong based on 14 sessions
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If the tax in CA increases by 20% each year for the next 4 years, and the energy cost in CA remains the same each year for the next 4 years, what will be the positive difference, in dollars, between the CA tax and the CA energy cost in 4 years?
A. 0
B. 1.34
C. 2.59
D. 3.12
E. It cannot be determined from the information given
Kudos for R.A.E.
Re: If the tax in CA increases by 20% each year for the next 4 y
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27 Jul 2018, 10:37
27 Jul 2018, 10:37
1
Carcass wrote:
Attachment:
electricity.jpg
If the tax in CA increases by 20% each year for the next 4 years, and the energy cost in CA remains the same each year for the next 4 years, what will be the positive difference, in dollars, between the CA tax and the CA energy cost in 4 years?
A. 0
B. 1.34
C. 2.59
D. 3.12
E. It cannot be determined from the information given
Kudos for R.A.E.
From the graph the Tax in CA = 9 and the energy cost = 20
Now tax in CA at the end of 4th year = \(9(1 + \frac{20}{100})^4 = 9 * (1.2 * 1.2 * 1.2 * 1.2) = 9 * 1.44 * 1.44 = 18.66\)
so the positive difference between the energy cost and the tax in dollars = \(20 - 18.66 = 1.34\)
I.e option B
Re: If the tax in CA increases by 20% each year for the next 4 y
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13 Mar 2022, 03:46
13 Mar 2022, 03:46
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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