Algebra: Solving Equations, Reducing Expressions and Factoring – #475


Question: Under the provisions of a proposed tax bill, a homeowner will pay $500 plus 9% of the assessed value of his/her house. Express the tax \(T\), as a function of the assessed value \(x\). Under the provisions of a competing bill, a homeowner will pay $5000 plus 4% of the assessed value. Express the tax \(V\) as a function of the assessed value \(x\). For what assessed value \(x\) do both tax bills give same tax?

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