SOLUTION: In a certain city, the amount of property tax paid varies directly with the assessed value of the property. If a family whose house is assessed at $60,000 pays $1,500 in property t

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: In a certain city, the amount of property tax paid varies directly with the assessed value of the property. If a family whose house is assessed at $60,000 pays $1,500 in property t      Log On


   

Question 95282: In a certain city, the amount of property tax paid varies directly with the assessed value of the property. If a family whose house is assessed at $60,000 pays $1,500 in property tax during a certain year, what is the assessed value of a house whose owners paid $2,125 in taxes during the same year?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
60,000/1,500=x/2,125 now cross multiply.
1,500x=2,125*60,000
1,500x=127,500,000
x=127,500,000/1,500
x=$85,000 assessed value of the property with $2,125 taxes.