An Invoice for $5,000 Dated September 1 with Terms 2/10

question 59

Multiple Choice

An invoice for $5,000 dated September 1 with terms 2/10, 1½/20, n/30 is received in the mail on September 3^rd. A payment of $2,000 is made on September 12^th. How much is credited to the account?

• A) $2,030
• B) $2,000
• C) $2,040
• D) $1,970
• E) $1,930.60

---

Definitions:

Educational Attainment

A measure of the highest level of education completed by an individual or population, often used as an indicator of socioeconomic status.

High-Ability Workers

Refers to employees who possess significant skills, intelligence, or talents that contribute to higher productivity and performance in the workplace.

Low-Ability Workers

Individuals with limited skills or qualifications, often facing difficulties in competitive job markets.

Minimum Wage

A legislative baseline salary per hour that employers must pay their employees, aiming to reduce poverty and ensure basic financial security.