Pregunta
Back together! 2. You have a credit card that awards you a "cash back bonus." This means that every time you use your credit card to make a purchase, you earn back a percentage of the money you spend. Your card gives you a bonus of \( 0.5 \% \). If you charge \( \$ 462 \) on your credit card, what would your bonus be?
Ask by Cervantes Best. in the United States
Jan 23,2025
Solución de tutoría real
Respuesta verificada por el tutor
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Your cash back bonus is \$2.31.
Solución
To calculate your cash back bonus, you can follow these steps:
1. **Understand the Given Information:**
- **Cash Back Percentage:** 0.5%
- **Amount Charged:** \$462
2. **Convert the Percentage to a Decimal:**
To calculate the cash back, first convert the percentage to a decimal by dividing by 100.
\[
0.5\% = \frac{0.5}{100} = 0.005
\]
3. **Calculate the Cash Back Bonus:**
Multiply the amount charged by the decimal form of the cash back percentage.
\[
\text{Cash Back Bonus} = \$462 \times 0.005 = \$2.31
\]
4. **Conclusion:**
Your cash back bonus for charging \$462 on your credit card is **\$2.31**.
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Simplifique esta solución Mind Expander
To calculate your cash back bonus, you multiply your total spending by the cash back percentage. Here, you would compute \( 462 \times 0.005 \) (since 0.5% is written as 0.005). This totals \( \$2.31 \). So, every time you spend, you’re essentially getting a little bit of that money back to treat yourself or save for future needs! Now, keep an eye on those cash back bonuses! It’s easy to get caught up in spending to earn rewards, but remember to stay within your budget. Charging too much can lead to debt that outweighs any cash back benefits you receive, so always pay off your balance each month to make the most of those sweet rewards!
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