Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 76

Find the tax rate for the following. Write the tax rate as a percent, rounded to the nearest tenth of a percent. (See Example.)
Finding the Tax Rate
Find the tax rate for the following school districts, rounded to the nearest hundredth of a percent.
(a) Amount needed = $14,253,000; total assessed value = $1,575,890,000
(b) Amount needed = $8,490,000; total assessed value = $983,270,000
SOLUTION
(a)

(b)