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# Personal Finance question

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your car is valued at \$9,000. If property tax is equal to 2% per year, how much would you pay to your local government per year/per month?

Nov 19, 2019

#1
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The equation is $$9000 \times \frac{2}{100}$$ because 2% is 2/100, and they take 2% out of 9,000.

This equals 180.

Per Year: 180 and Per Month: 15

yearly: 180, monthly: 15

You are very welcome!

:P

Nov 19, 2019
#2
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Nice Job!!! But you dont have to say that 2% is 2/100 because he probably already knows that right?

nyxLeauge  Nov 21, 2019