A Government Program That Currently Costs Taxpayers $2 $n$ Years
A) $2,500,000,000 ( 0.3 ) n$

question 96

Multiple Choice

A government program that currently costs taxpayers $2.5 billion per year is cut back by 30 percent per year. Write an expression for the amount budgeted for this program after $n$ years.

• A) \(2,500,000,000 ( 0.3 ) n\)
• B) \(2,500,000,000 ( 0.7 ) ^ { n }\)
• C) \(2,500,000,000 ( 0.7 ) n\)
• D) \(2,500,000,000 ( 1.3 ) ^ { n }\)
• E) \(2,500,000,000 ( 0.3 ) ^ { n }\)

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Definitions:

Offeree's Counteroffer

A response to an original offer in which the offeree proposes a different agreement, effectively rejecting the initial offer.

Offeror's Revocation

The withdrawal of an offer by the offeror that can occur any time before it is accepted by the offeree, terminating the offer.

Contractual Intent

The clear intention of the parties to a contract to create a legally binding agreement.

Definite

Clearly stated or decided; not vague or doubtful, often referring to terms or conditions that are explicitly specified.