“My question is, how much total have I charged to accumulate that amount of “cash back”? “
Too much.
HA!
=852.13/0.015=$56,808.67.
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.