Question

Sebastian and Mia want to buy a home valued at $250,000. The property tax for this location is 1%. Based on the current value of the home, what would their property tax be?

A.$25
B.$250
C.$2,500
D.$25,000

Answer 1

1% of $250,000 is $2,500

Your answer is C

Answer 2

C) $25,00.

Explanation:

Given : Sebastian and Mia want to buy a home valued at $250,000. The property tax for this location is 1%.

To find : what would their property tax be.

Solution : We have given that home valued at $250,000.

tax for this location is 1%.

Tax for home is 1% of 250000

Then tax for property =
`250000 * (1)/(100)`.

Tax =$ 2,500.

Therefore, C) $2,500.