Question

Find the assessed value of a store with a market value of $ 163,000

if the rate for assessed value is 25​% of market value.

Answer 1

9514 1404 393

Answer:

$40,750

Explanation:

Leaving out the extra words, the question is asking you to find 25% of $163,000.

0.25 × $163,000 = $40,750

The assessed value is $40,750.

Answer 2

Given that,

→ Rate for assessed value = 25%

→ Market value = $ 163,000

We have to find,

→ 25% of $ 163,000

Then value of 25% is,

→ 25 ÷ 100

→ 0.25

Let's find the assessed value,

→ 25% × $ 163,000

→ 0.25 × 163,000

→ 40750

Thus, $ 40750 is assessed value.