Problem
When the UK government privatized the Water Authorities in 1989 it decided that annual percentage price increases for water would be limited to the rate of inflation plus z, where z was a figure to be determined by the government. Write an algebraic expression for the maximum annual percentage price increase for water and evaluate it for an inflation rate of 6% and a z factor of 3.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.