Madison County collects property taxes on the assessed value of property, which is 60 percent of its actual value. For example, if a house is valued at $158,000 its assessed value is $94,800. This is the amount the homeowner pays tax on. At last year’s tax rate of $2.64 for each $100 of assessed value, the annual property tax for this house would be $2502.72. Write a program that asks the user to input the actual value of a piece of property and the current tax rate for each $100 of assessed value. The program should then calculate and report how much annual property tax the homeowner will be charged for this property.
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
Madison County collects property taxes on the assessed value of property, which is 60 percent of its actual value. For example, if a house is valued at $158,000 its assessed value is $94,800. This is the amount the homeowner pays tax on. At last year’s tax rate of $2.64 for each $100 of assessed value, the annual property tax for this house would be $2502.72. Write a
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