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TiliK225 [7]
3 years ago
5

1. What is one way we can make our current tax system more equitable?

History
1 answer:
sertanlavr [38]3 years ago
5 0

Answer:

Emphasize revenue sources that reflect underlying inequalities

Explanation:

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Sharla invests $275 in a simple interest bearing account for 16 years. The annual interest rate is 8%. Using the simple interest
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I = Prt

I: interest earned
P: principle (initial invested amount)
r: rate (percentage)
t: time in years (duration)

Most often, when letters are side-by-side this means they are all factors of each other. If something is a factor of another, then multiply them. So, 275 times 8% or 8/100 or 0.08 times 16 years is equal to $352. With this total subtract $275 from $352. The interest earned is equal to $77.

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This may seem confusing when saying aloud in order of the equation, "Interest equals $352". The total is $352, the interest earned is equal to $77. Conventions and platitudes are often erroneous.
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Hi! ^-^


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