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saveliy_v [14]
4 years ago
6

A property owner paid 840.00 in property taxes to the Jay county collector. What was the assessed value of the property if the t

ax rate was 1.36%?
Business
1 answer:
kirill115 [55]4 years ago
7 0
This question, in math terms, would mean $840 is equal to 1.36%. We need to find 100%.

Thus naming the variable "x" as the assessed value of the property,

840 =  \frac{1.36}{100} * x

Solve for x.

84000=1.36x

x=<span>61764.7058824

Rounded to the nearest hundredth, the assessed value of the property is $61,764.71
</span>
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