Property Taxes Are the Product of the Tax Rate (T)and $\underline{\text{ percentage rate of change of a product }}$

Property taxes are the product of the tax rate (T) and the assessed value (V) .The total property tax collected in your city (P) is: P = T•V.If the value of properties rise 4% and if Mayor and City Council reduces the property the tax rate by 2%,what happens to the total amount of property tax collected? [hint: the $\underline{\text{ percentage rate of change of a product }}$ is approximately the sum of the percentage rates of change.}

A) It rises 6 %.
B) It rises 4 %.
C) It rises 3 %.
D) It rises 2 %
E) If falls 2%.