Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
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.
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
