Question

10.5 TEST OI, Bruv! Caliph received a tax statement showing that the market value of his home is $209,900. The rate of assessment in his locality is 40%. What is theassessed value of Caliph's home?Ob. 556,289O a. 543,673Oc. $82,728Od. $83,960

Answer 1

Here, we want to calculate the assessed value of the home

From the question, we are told that the rate of assessment is 40%

Hence, the value on the tax statemet is 40% of the assessed value

Let us have the assessed value as$x