Problema Solution
A city commission has proposed two tax bills. The first bill requires that a homeowner pay $1500 plus 3% of the assessed home value in taxes. The second bill requires taxes of $800 plus 5% of the assessed home value. What price range of home assessment would make the first bill a better deal for the homeowner?
Answer provided by our tutors
the assessed home value: x
First bill: 1500 + 0.03x
Second bill: 800 + 0.05x
If First bill < Second bill
x > 35,000
So
when x > $35,000
the first bill is a better deal for the homeowner