Bunuel wrote:
In Township K each property is taxed at 8 percent of its assessed value. If the assessed value of a property in Township K is increased from $20,000 to $24,000, by how much will the property tax increase?
(A) $32
(B) $50
(C) $320
(D) $400
(E) $500
Increase in house value = $24,000 - $20,000 =
$4000So, tax increase = 8% of
$4000Shortcut: I know that 10% of
$4000 = $400
So, 8% of
$4000 will be a LITTLE BIT LESS THAN $400
Answer: C
Cheers,
Brent
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95% (01:15) correct 
