If a man originally paid $3700 in property taxes, what will his new tax payment be if he saves 12% this year?

Question

If a man originally paid ​$3700 in property​ taxes, what will his new tax payment be if he saves 12​% this​ year?

Irene R. · Accepted Answer

You would need to determine what amount of money is equal to 12% of $3700.

12% of $3700 = 0.12 * 3700 = $444

Therefore, he would save $444 off the old tax bill. To find the new amount he will have to pay, subtract $444 from the amount paid last year:

$3700 - 444 = $3256 new tax payment

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