Answer and Explanation
Your Answer is
Correct Answer is D
Explanation
2%x = 3824, x = 3824×50 = 191,200
Use the following information to answer questions 41–43.
A couple is deciding between 2 condos to purchase. Some information about each condo is given below.
The couple assumes that the market value of either condo will increase exponentially at a rate of 4% per year.
43. The annual property tax for Condo X is 2% of its assessed value. What is the assessed value of Condo X ?