3 years ago

Find the m D 55 35 В

Mathematics

1 answer:

Ivenika [448]3 years ago

7 0

Not answere just need point srry

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3 years ago

Mr. Smith's $85,000 condominium is assessed at 35% of value. The tax rate is $2.70 per $100 of value. If the tax increases $.35

wel

Answer:

$907.38

Step-by-step explanation:

We have been given that Mr. Smith's $85,000 condominium is assessed at 35% of value.

First of all, we will find 35% of $85,000 as shown below:

$\frac{35}{100}\times \$85,000$

$35\times \$850$

$\$29,750$

We are also told that the tax rate is $2.70 per $100 of value. Now we will divide $29,750 by 100 as:

$\frac{\$29,750}{\$100}=297.50$

Since the tax rate is increased by $0.35 per $100 of value, so the new tax rate will be $2.70 plus $0.35.

$\text{New tax rate}=\$3.05$

$\text{Amount of new tax}=\$3.05\times 297.50$

$\text{Amount of new tax}=\$907.375$

$\text{Amount of new tax}\approx \$907.38$

Therefore, Mr. Smith's new tax will be $907.38.

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3 years ago