Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Answer:
$18,000
Explanation:
Let us represent the tax by y and the property value by x. If the tax is proportional to the property value, then the relationship between y and x is the following.
[tex]y=kx[/tex]where k is the constant of propotionality.
Now, to paraphrase, we are told that when y = $9,000, then x = $500,000. This means
[tex]9000=k(500,000)[/tex]and we need to solve for k.
Dividing both sides by 9000 gives
[tex]k=\frac{9,000}{500,000}[/tex]which simplifies to give
[tex]\boxed{k=\frac{9}{500}.}[/tex]With the value of k in hand, our formula now becomes
[tex]y=\frac{9}{500}x[/tex]We can now find the tax when x = 1,000,000.
Putting in x = 1,000,000 into the above formula gives
[tex]y=\frac{9}{500}(1,000,000)[/tex]which simplifies to give
[tex]\boxed{y=18,000.}[/tex]This means, the tax on a property assessed at $1,000,000 is $18,000.
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
