Question
A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family spent $5850 on gasoline purchases over the course of a year, what was the family's rebate at the end of the year?
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Answer to a math question A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family spent $5850 on gasoline purchases over the course of a year, what was the family's rebate at the end of the year?
Andrea
4.583 Answers
To calculate the cash-back rebate the family received, we can use the formula:
Rebate =
Total gasoline purchases ×
Cash-back rate
Given:
Total gasoline purchases = $5850
Cash-back rate = 2% = 0.02
Substituting these values into the formula:
Rebate = 5850 × 0.02
Rebate = $ 117
So, the family's rebate at the end of the year was $117.
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