Question

A credit card company applies a 6% fee on all transactions under $10. You purchased coffee for $4.80. What fee amount will be applied to your bill? * This is a required question

Answer 1

$5.08

Explanation:

Step one:

given data

We are told that a credit card company applies a 6% fee on all transactions under $10

since the cost of coffee bellow $10 that is $4.80, the 6% fee is applicable

so

=6% of 4.80

=6/100*4.80

=0.06*4.8

=$0.288

Step two:

the total fee will be

=0.288+4.80

= $5.08