Mr Malik Is Considering a Larger House in the Same

Mr. Malik is considering a larger house in the same area. Currently the taxes on his $250,000 home are $3,000 per year. If he expects that the taxes on other homes in the area are in the same ratio as the assessed values, what amount of taxes can Mr. Malki expect to pay on a house assessed at $300,000?

A) $3,200
B) $3,600
C) $3,500
D) $3,000
E) $4,000

Correct Answer:

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