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Kaylis [27]
2 years ago
6

A certain piece of property is assessed at $150,000. If the tax rate is $2.50 per $100, what is the tax on this property?

Engineering
1 answer:
stiks02 [169]2 years ago
7 0

Answer:

The tax on this property is 3750 dollars

Explanation:

Given

Tax on per $100 is $2.50

Tax on every $1 is \frac{2.5}{100} = 0.025 dollars

Tax on property of value $150,000 is

150,000 * 0.025 = 3750 dollars

The tax on this property is 3750 dollars

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