Find the Total Amount of Each Check

question 34

Short Answer

Find the total amount of each check. Round answers to the nearest cent. The amount of gratuity received was $23.50. How much was the check if the gratuity was 18%? $_______________

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Definitions:

Coupon

A payment to the holder of a bond made periodically until the bond matures, typically representing interest on the bond.

Annually

Refers to events or phenomena that occur once every year.

Maple Bonds

Bonds issued in Canadian dollars by foreign companies in the Canadian market, allowing investors to invest in foreign entities while avoiding currency risk.

Currency Risk

The potential for financial loss resulting from fluctuations in exchange rates affecting investments or transactions in foreign currencies.