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Obinna
 
 

At the end of each year, a certain card company pays a bonus

by Obinna Mon Jun 02, 2008 8:05 pm

Amount Charged | Percent Bonus
$0.01 - $1000 | 0.5
$1000 - $3000 | 1.0
$3000 - $6000 | 1.5
$6000 - $10000 | 2.0


At the end of each year, a certain card company pays a bonus to each of its credit card holders based on the amount, up to $10,000, that the card holder charged throughout the year. A 0.5 percent bonus is paid on the first $1000 charged, a 1.0 percent bonus is paid on the next $2000 and so on, as indicated in the table above. What is the maximum annual bonus, in dollars?

Ans = 150.

Some one please break down the soln.

Thanks in advance.
Obinna
 
 

by Obinna Tue Jun 03, 2008 2:19 pm

rfernandez
Course Students
 
Posts: 381
Joined: Fri Apr 07, 2006 8:25 am
 

by rfernandez Fri Jun 06, 2008 4:31 am

Always a good idea to search before you post! Glad you found the help you needed.