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Oduvanchick
3 months ago
5

If the tax rate on homes in Topeka, Kansas is 2.4 percent of their value and Bonnie owns a $100,000 house, how much will the rea

l estate taxes add to her monthly mortgage payment?
Mathematics
1 answer:
PIT_PIT [12.4K]3 months ago
3 0

Answer:

  $200

Step-by-step explanation:

The yearly tax obligation is...

  2.4% × $100,000 = $2,400

Monthly, this amounts to...

  $2400/(12 mo) = $200/mo

This means taxes will increase Bonnie's monthly mortgage payment by $200.

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