In a certain community, property is assessed at 60% of its appraised value and taxed annually at the rate of Tk.4.00 per Tk.100 of assessed value. If a taxpayer is assessed Tk.240 per quarter in property taxes, what is the appraised value of the property?

Ncc Bank Management Trainee officer-2011

Section-B: Mathematics

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1. In a certain community, property is assessed at 60% of its appraised value and taxed annually at the rate of Tk.4.00 per Tk.100 of assessed value. If a taxpayer is assessed Tk.240 per quarter in property taxes, what is the appraised value of the property?

[NCC Bank MTO-2011 : 2011]

1. Tk. 6000

2. Tk. 22,500

3. Tk. 24,000

4. Tk. 40,000

5. Tk. 60,000

Answer

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