Asked by Johnny Tsunami on Jul 15, 2024
Verified
When Mary and Jack bought their house,their property taxes were $3,630 annually.After 8 years,their property taxes are now $4,065.60.What percent increase is this?
Property Taxes
Taxes assessed on real estate by the local government, based on the property's value.
Percent Increase
The percentage by which a quantity grows over a specific period of time.
- Gain an understanding of fundamental arithmetic in finance related to percentages and the computation of proportions.
Verified Answer
NH
Learning Objectives
- Gain an understanding of fundamental arithmetic in finance related to percentages and the computation of proportions.