Question

Mr.Smith's tax on his house for 1965 was $283.79.If the tax rate for that year was $3.835 per $100 of assessed valuation, for what amount was Mr.Smith's house assessed?

a. $10.88
b. $74
c. $740
d. $1088.33
e. $7400

please answer and explain
(3.835/100.00)v = 283.79
v = 7400.00

wow - cheap house!

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