Question

1. Most credit card incentive programs give----
a. cash
b. cash back
c. discounts
d. set dollar savings

2. To calculate a rewards program incentive, you---
a. use the simple interest formula
b. use the percentage of a number
c. multiply the whole numbers
d. divide by the percentage offered

3. A credit card gives 2% cash back on purchases. You purchase $1,685.90 in items with that card. What is your reward amount?
a. $33.72
b. $337.18
c. $280.98
d. $2.81

Answer 1

4. If the credit card in problem #3 has an interest rate of 14.75% and you do not make a payment the first month on that 1,6985.90 balance, how much is the difference between the interest and reward?
a. $17.91
b. $88.51
c. $13.00
d. $32.31

Answer 2

1.d
2.a
3. c
4. b

Answer 3

Though it seems to me you should have learned a lot of this in class and how to solve these problems. Best of luck to you though.

Answer 4

thanks for ur help