Question

Business math help!

Residents of Bates County pay a 1.5 percent property tax. Compute the tax due on a parcel of undeveloped land with an assessed valuation of $18,000.00

Answer 1

Hello! you need to find the out 1.5 percent of 18,000.00. The word of tells use to multiply.

To find the tax due, multiply 1.5 by 18,000.00

1.5 * 18,000.00 = 27000

Answer 2

Answer: $270

Explanation:

Given phrase : - The assessed value of undeveloped land = $18,000.00

Residents of Bates County pay a 1.5 percent property tax.

⇒ Tax percent = 1.5 %

Now, the the tax due on a parcel of undeveloped land is given by :-

`\text{Tax= Tax percent x Assessed value }\\\\\Rightarrow\text{Tax}=1.5\%*18000`

To convert percent into decimal we divide it by 100, we get

`\\\\\Rightarrow\ \text{Tax}=0.015*18000\\\\\Rightarrow\ \text{Tax}=\$\ 270`

Hence, The tax due on a parcel of undeveloped land = $270