A type of taxation in which people and businesses with higher income pay higher taxes is known as
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Answer:
The possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares by purchasing land.
Step-by-step explanation:
Let the variable <em>X</em> represent the amount of land used for planting trees and <em>Y</em> represent the amount of land purchased.
The goal of the environmental initiative is to save at least 25 million hectares of rain forest.
That is:
<em>X</em> + <em>Y</em> = 25....(i)
Now it is provided that:
- The cost of planting trees is $ 400 per hectare.
- The cost of purchasing land is $ 260 per hectare.
- The initiative has a budget of $8,250 million.
Using the above data it can be said that:
400<em>X</em> + 260<em>Y</em> = 8250....(ii)
Solve equations (i) and (ii) simultaneously.
Then the value of <em>y</em> is:
Thus, the possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares for purchasing land.