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Calculate the amount of your monthly cash-back bonus

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Reference no: EM132913823

Question - The Discover credit card is advertising a special 5% cash-back bonus on all grocery store and restaurant purchases. Discover Card users also receive the regular 1% cash-back bonus on all other purchases.

Imagine that you typically charge a total of $2,000 a month. Of those $2,000 charged, 1/4 is for purchases in grocery stores and restaurants. Use this information to calculate the amount of your monthly cash-back bonus.

Reference no: EM132913823

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