Simple Math Question

Vanity ^ | 6 July, 2015 | Self

[Graybeard58]

So simple, I'm almost embarrassed to ask it.

I've had a certain credit card for 18 months, it pays 01.5% cash back on all purchases. I just looked on line at my statement and I have accumulated $852.13 so far.

My question is, how much total have I charged to accumulate that amount of "cash back"?

I know that 01.5% of "X" = 852.13, I've simply forgotten how to do this probably 5th. or 6th. grade math. Thanks.

[TexasGator]

“My question is, how much total have I charged to accumulate that amount of “cash back”? “

Too much.

[ButThreeLeftsDo]

HA!

[Piranha]

=852.13/0.015=$56,808.67.

[SubMareener]

Divide both sides of the equation by 1.5% to isolate the C.

[Toddsterpatriot]

$852.13/0.015 = $56,808.67

[Anitius Severinus Boethius]

$56,808.66

[21twelve]

Yeah - you’re just bragging! $850 divided by 0.015 is $56,808.67.

[Vineyard]

Divide your earned money by 0.015.

If you earned cash back of $1,000 , and divide by 0.015, you find that you had to spend $66,666.66 to get the cash back rewards.

For about $850 ....it is $56,666.66

M

[Lurkina.n.Learnin]

I came up with $56808.67. 100/1.5=66.666 66.666x852.13=56808.67

[glasseye]

$56,808

I think...

[iowamark]

Divide 852.13 by 1.5 percent or .015 and you get 56808.67

[Jonty30]

Cedit card incentives usually give about 1% to 1.5% back.

[Fungi]

If you can not do this on your own, you should not have the credit card. Never ever pay an interest fee on you credit card. Always pay your total off at the end of the month. Credit card companies do not like that, but the make money nevertheless on every purchase, they just make even more when you carry a balance.

[Eagles6]

Just remember they the sun rises in the east, sets in the west and water runs downhill... Usually

[Veggie Todd]

Where did he say that he’s paid any interest?

[kevao]

and water runs downhill.

Only in the northern hemisphere.

[Dagnabitt]

Send all your card details to my office in Nigeria and we’ll get you your answer.

[Fungi]

I never said he did. Read my post again.

[Graybeard58]

I pay for everything by credit card that’s payable by credit card, I don’t know what the interest rate is, since I’ve never paid any. The last thing I paid any interest on anything was my home mortgage and I paid that off years ago. I simply forgot how to do the math. Thanks everyone for the correct answer and explanations.

$850 is the reason why I use a credit card. Will come in handy around Christmas time.