a credit card company offers an annual 2% cash - back rebate on all gasoline purchases. if a family spent…

a credit card company offers an annual 2% cash - back rebate on all gasoline purchases. if a family spent $5,050 on gasoline purchases over the course of a year, what was the familys rebate (in dollars) at the end of the year?

a credit card company offers an annual 2% cash - back rebate on all gasoline purchases. if a family spent $5,050 on gasoline purchases over the course of a year, what was the familys rebate (in dollars) at the end of the year?

Answer

Explanation:

Step1: Convert percentage to decimal

$2%=0.02$

Step2: Calculate the rebate amount

$5050\times0.02 = 101$

Answer:

$101$