Q:

1. Most credit card incentive programs give----a. cashb. cash backc. discountsd. set dollar savings2. To calculate a rewards program incentive, you---a. use the simple interest formulab. use the percentage of a numberc. multiply the whole numbersd. divide by the percentage offered3. 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. $33.72b. $337.18c. $280.98d. $2.81

Accepted Solution

A:
1. Most credit card incentive programs give
    b. cashback
2. To calculate a rewards program incentive, you---
    b. use the percentage number
3. For this we need to solve:
    The cashback is 2% and the purchase amount is $1685.90. We just multiply the percentage to the purchase amount to know what is the 2% of 1685.90.

Solution:
*remember to change the percent to its decimal form by moving the percent two places to the left. 2%=.02

1685.90*.02=33.718 or 33.72

Answer: a