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finance

 
 
Reply Sat 26 Nov, 2011 10:53 pm
a customer has a debit card that gives monthly cash back bonuses. if the customer spends from $10.00 to $499.99, he ears 1% cash back. if he spends $500.00 to $999.99, he earns 2% cash back. for monthly purchases of $1,000.00 and more, he earns a 3% cash back bonus. his monthly purchases for the past 6 months are as follows: $345.00 , $592.00, $609.00, $280.00, $1,020.00, and $452.00. how many did he ear in cash back bonuses over the past six months (rounded to the nearest cent)
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Type: Question • Score: 0 • Views: 2,401 • Replies: 2
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cicerone imposter
 
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Reply Sat 26 Nov, 2011 11:00 pm
What do you think is answer is?
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Butrflynet
 
  2  
Reply Sat 26 Nov, 2011 11:55 pm
@raman707,
I'll let you do the math to figure out what the percentages are. Here are the equations you need to solve:

1st month = 1% of $345.00
2nd month = 2% of $592.00
3rd month = 2% of $609.00
4th month = 1% of $280.00
5th month = 3% of $1,020.00
6th month = 1% of $452.00
----------------------------------------
Total = (1% of $345.00)+(2% of $592.00)+(2% of $609.00)+(1% of $280.00)+(3% of $1,020.00)+(1% of $452.00)
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