Question

1. The price of one share of a stock fell 4 dollars each day for 8 days. How

much value did one share of the stock lose after 8 days?
2. A credit card company charges a late fee of 25 dollars each time a customer
fails to pay on time. A customer missed the payment 4 times last year. At
the customer's request and out of courtesy, the credit card company
decides to cancel all late fees for that year. Write a numerical expression to
show how much money was return.

Answer 1

Explanation:

1.

$4 for 8 days. that means $4 on each and every day, 8 times.

so, in total that is 4 × 8 = $32

that is how multiplications work.

m×n means that m is added n times (or vice versa and n is added m times).

2.

similar here.

$25 each time the customer missed a payment. and he missed 4 times that year.

the bank returned the fees for all 4 occasions. so,

returned money = 25 × 4 = $100