Shady Sam Robbed Three Banks Last Week: in One Heist

question 6

Short Answer

Shady Sam robbed three banks last week: In one heist, he got away with $2,500; in the second, he netted $5,600; the third robbery was worth $4,350. After he was caught, police were able to recover 90 percent of the loot. Sam had spent the rest. What was the dollar amount of the stolen money that was NOT recovered?

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Definitions:

Exchange of Money

The act of transferring currency between parties as payment for goods or services.

Monthly Payments

Regular payments made over a period of time, often used in the context of loans, mortgages, or subscription services.

Down Payment

An initial payment made when purchasing something on credit, typically a percentage of the total purchase price, indicating the buyer's commitment.

Assumptive Close

A sales technique where the salesperson assumes that the customer has already decided to purchase and moves directly to the closing of the sale.