Question

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%. estimate your bonus if you charge $2,546.59 on your credit card

Answer 1

To solve the problem, we just have to calculate 0.5% of $2,546.59. To calculate a percentage of a given quantity, we have to multiply our quantity by the percentage value and divide by 100.

Calculating 0.5% of $2,546.59 we have

`2546.59*(0.5)/(100)=12.73295`

The bonus will be $12.73.