Solve the Problem. -Andy Left a 15% Tip for a Meal That Cost

question 52

Multiple Choice

Solve the problem.
-Andy left a 15% tip for a meal that cost $38. What was the total cost of the meal including the tip?

• A)$5.70
• B)$43.70
• C)$32.30
• D)$49.40

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Definitions:

Payments Cease

Refers to the termination or halt of scheduled payments, often in the context of loans or financial instruments.

Pure Discount Loan

A loan where the borrower receives a single lump sum amount upfront and repays the lender a higher amount at the loan's maturity.

Lump Sum

A single payment of money, as opposed to a series of payments made over time.

Borrower Receives

The amount of capital a borrower obtains from a lender under the terms of a loan.