Sebastian and Mia want to buy a home valued at 250 dollars comma 000 The property tax for this location is 1 percent Based on the current value of the home, what would their property tax be?
Answer
A
25 dollars
B
25 dollars comma 000
C
250 dollars
D
2 dollars comma 500
Explanation
One percent means 1 out of every 100, so calculate 250,000 × 0.01 = 2,500. Sebastian and Mia’s property tax would be 2,500 dollars, which is choice D.
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