Question

Anna has a house with a market value of $128,000 if the assessment rate is 40% of the tax rate per $100 is $2.35 how much will she owe annually in real estate tax,to the nearest cent?
$1,718.62
$1,203.20
$1,438.20
$515.42

Answer 1

Answer:

$1203.20

Step-by-step explanation:

Given : Anna has a house with a market value of $128,000

To Find: If the assessment rate is 40% of the tax rate per $100 is $2.35 how much will she owe annually in real estate tax,to the nearest cent?

Solution:

We are supposed to find the assessment rate is 40% of the tax rate per $100 is $2.35 how much will she owe annually in real estate tax,to the nearest cent.

A.T.Q

$\frac{2.35}{100} =\frac{x}{128000}$

$\frac{2.35}{100}\times 128000 =x$

$3008 =x$

Now we are given that the assessment rate is 40% of the tax rate .

So. 40% of 3008 = $\frac{4}{100} \times 3008=1203.20$

Hence  she will owe $1203.20 annually in real estate tax,to the nearest cent.

Answer 2

2.35/100=x/128000
Solve for x
X=3008
Then
3008×0.40=1203.2