Question

the property taxes on a house is $810. what is the tax rate if the house was valued at $90,000 rounded to the nearest hundredth or hundredths of percent , show how the formula is set up.

Answer 1

Let's use the variable 'p' to represent the unknown percentage:

90000p = 810

Divide:

p = 810/90000

Simplify:

p = 9/10000

This is equivalent to 0.0009, which is 0.09%

The tax rate is 0.09%