{"id":227009,"date":"2025-06-05T18:03:13","date_gmt":"2025-06-05T18:03:13","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=227009"},"modified":"2025-06-05T18:03:15","modified_gmt":"2025-06-05T18:03:15","slug":"kanya-has-a-credit-card-that-gives-a-6-discount-on-every-purchase-and-free-shipping-when-used-online","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/06\/05\/kanya-has-a-credit-card-that-gives-a-6-discount-on-every-purchase-and-free-shipping-when-used-online\/","title":{"rendered":"Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online."},"content":{"rendered":"\n

Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. The annual percentage rate on the credit card is 12%. Kanya wants to buy a laptop that costs $420. Which statement about the cost of the laptop is true?<\/p>\n\n\n\n

The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n

Correct Answer:<\/h3>\n\n\n\n

Kanya will pay less than $420 for the laptop if she uses her credit card and pays off the balance in full immediately.<\/strong><\/p>\n\n\n\n

\n\n\n\n

Explanation<\/h3>\n\n\n\n

Kanya is considering buying a laptop that costs $420<\/strong>. Her credit card offers a 6% discount<\/strong> on every purchase and free shipping<\/strong> when used online. The card also carries a 12% annual percentage rate (APR)<\/strong>, which is the interest charged if the balance is not paid in full.<\/p>\n\n\n\n

Let\u2019s first calculate the immediate discount:<\/p>\n\n\n\n

6% of $420<\/strong> = 0.06 \u00d7 420 = $25.20<\/strong><\/p>\n\n\n\n

So, the discounted price<\/strong> Kanya would pay is:<\/p>\n\n\n\n

$420 – $25.20 = $394.80<\/strong><\/p>\n\n\n\n

This is the amount she would owe on her credit card immediately after purchase<\/strong>. If she pays off the full $394.80 before the due date<\/strong>, she will not incur any interest<\/strong>, because most credit cards have a grace period<\/strong> (usually 21\u201325 days) during which no interest is charged on new purchases if the full balance is paid.<\/p>\n\n\n\n

Therefore, if Kanya pays the full amount before interest is applied<\/strong>, she will have saved $25.20<\/strong> on the laptop due to the discount and also avoided any shipping costs. In this case, she ends up paying less than $420<\/strong> total.<\/p>\n\n\n\n

However, if she does not<\/strong> pay the balance in full and allows it to carry over into the next billing cycle, the 12% APR<\/strong> will begin to accrue on the unpaid amount. Over time, interest could exceed the savings<\/strong> from the 6% discount, increasing the total cost beyond $420.<\/p>\n\n\n\n

But since the question focuses on the initial cost<\/strong> and possible outcomes, the most accurate statement is:<\/p>\n\n\n\n

\n

Kanya will pay less than $420 if she uses her credit card and pays off the balance immediately.<\/strong><\/p>\n<\/blockquote>\n\n\n\n

This takes into account the discount and free shipping<\/strong> while avoiding the interest charges<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. The annual percentage rate on the credit card is 12%. Kanya wants to buy a laptop that costs $420. Which statement about the cost of the laptop is true? The Correct Answer and Explanation is: Correct […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-227009","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/227009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=227009"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/227009\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=227009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=227009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=227009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}