Question

Suppose your property tax is prorated to 7 months. You pay $2314. What would the projected annual cost be? Round to the nearest hundredth.

Answer 1

The projected annual cost would be $3,966.86

Explanation:

This question can be solved using a rule of three.

For 7 months, you pay $2314. How much would you pay for an year, which is 12 months?

7 months - $2314

12 months - x

Applying cross multiplication

7x = 2314*12

x = (2314*12)/7

x = 3966.86

The projected annual cost would be $3,966.86