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OpenStudy (anonymous):
Yearly homeowner property taxes are figured at a rate of $1.15 tax for every $100 of home value. Find the property taxes on a condominium valued at $73,000.
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jimthompson5910 (jim_thompson5910):
"$1.15 tax for every $100 of home value." means that the tax rate is 1.15/100 = 1.15% Which in decimal form is 0.0115
jimthompson5910 (jim_thompson5910):
To find the total property taxes, multiply that decimal by the value of the condo.
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