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11 December, 14:28

Algebraic expression the price h of a house plus 10% property tax

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  1. 11 December, 16:10
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    Generally we pay h to purchase the house, and then each year must pay 10% of the value of the house in property taxes. We could write:

    House owning costs = h + 0.10h = 1.10h.

    Note that we'd not likely have to pay a tax on the property when you purchase it, except for relatively small fees such as "transfer tax."
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