A property is assessed at $250,000. The tax rate is $2.50 per $100. What is the annual tax?
Correct Answer
B) $6,250
$250,000 ÷ $100 = 2,500. $2,500 × $2.50 = $6,250.
Why This Is the Correct Answer
Related Concepts
Converting a percentage to a decimal involves dividing the percentage value by 100.
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