Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 28

You own an a townhome with an assessed value of $185,400. The tax rate is $2.20 per $100 of assessed value.
a. What is the amount of property tax
b. If the state offers a 4% discount for early payment, how much would the tax bill amount to if you paid early
c. If the stare charges a mandatory
penalty for late payments, how much would the tax bill amount to if you paid late