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iogann1982 [59]
2 years ago
13

The taxes on a piece of property valued at $40,000 were $860. At the same rate, what would be the taxes on property valued at $5

5,000?
Mathematics
1 answer:
agasfer [191]2 years ago
6 0
Ratio and Proportion Method
Since both are at the same rate, then ratio and proportion can be applied here

If $40000 = $860

Then $55000 =55000x(860/40000)
=$1182.50

Therefore the taxes which would be on $55000 is $1182.50
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