A Waitress Picks Up the Bill and Money Left by a Customer

question 222

Multiple Choice

A waitress picks up the bill and money left by a customer. If the customer left $35.00 and the bill was $29.54, how much was the tip for the waitress?

• A)$4.46
• B)$6.46
• C)$5.00
• D)$5.46

Identify different types of credit and distinguish between open-end and closed-end credit.

Understand the principles and calculations involved in determining credit limits and debt-to-income ratios.

Recognize federal laws and consumer rights related to credit reporting and fair credit practices.

Understand the role and function of credit bureaus in managing credit information.

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Definitions:

Present Value

The present value of a future amount of money or a series of cash flows, calculated using a predetermined rate of return.

$1

Symbolizes a unit of currency, typically referring to one dollar in jurisdictions using dollar-denominated currencies.

Future Value

The estimated future worth of a current asset on a given date, projected by assuming a specific growth rate over a period.

Interest Rate

A fee that's calculated as a proportion of the principal sum and is required by the lender from the borrower for lending money or assets.