Question

The state of California charges homeowners approximately $1,200 per year in property taxes for every $100,000 a person's home is worth. If Mr. Cohen's home in Studio City, CA is worth $1,600,000, how much does he have to pay in property taxes per year? Set up a pair of equivalent ratios and then use your knowledge of cross products to solve. You may use calculator.

Answer 1

We have the next information

1,200 ----- 100,000

x ----- 1,600,000

x is the missing quantity

x can be calculated in this way

`x=(1,600,000\cdot1200)/(100,000)=19200`

Mr. Cohen has to pay per year $19,200 taxes per year