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Sticky Note
The property tax on a property of Rs 1,400,000 at a rate of 3% will be _____?
  1. 42000
  2. 4200
  3. 420000
  4. None of these
Explanation
Property tax = 3% of 1,400,000 → (3/100) × 1,400,000 = 42,000.
Percentage calculations multiply the given rate by the total amount and divide by 100.

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