Which card would cost you the least and by how much? If a credit card company A offers a 2% rebate for all purchases during the

Question

3 years ago

15

Which card would cost you the least and by how much? If a credit card company A offers a 2% rebate for all purchases during the

year. You have purchased $4,350 worth of merchandise this year. Your interest for the year was $360. Card B offers no rebate but charges a lower interest rate. The interest for the year would be $270.

Mathematics

1 answer:

olga2289 [7] · Answer 1 · 2022-03-26T07:39:31+03:00

olga2289 [7]3 years ago

8 0

Card A:
<span>$4,350 x 0.02 = $87
</span><span>$360 - $87 = $273

Card B:
Interest $270 no rebate

so $273 - $270 = $3

Card B cost least and $3 less than card A</span>