Question

The absolute change in the tax rate in one county had an increase of 2.7 percentage points from 1995 to 2010. if the tax rate was 4.3% in 2010, then calculate the tax rate in 1995. include the % sign in the answer?

a) 1.6%
b) 2.3%
c) 3.0%
d) 4.3%

Answer 1

The tax rate in 1995 can be found by subtracting the absolute change (2.7 percentage points) from the 2010 tax rate (4.3%), yielding a tax rate of 1.6% for 1995.

Step-by-step explanation:

The question asks to calculate the tax rate in 1995 if the tax rate increased by 2.7 percentage points up to 2010 when it was 4.3%. To find the tax rate in 1995, we have to subtract the percentage point increase from the 2010 tax rate. Hence, the tax rate in 1995 would be:

4.3% - 2.7% = 1.6%

Therefore, the correct answer is a) 1.6%.