Finance

Cash Back Calculator

Find cash back earned on spending.

Calculated Output

Cash back ($) 24

Formula: cash back = spend × rate ÷ 100

Step-by-Step Breakdown

1. Values used:

2. Amount spent = 1,200 $

3. Cash back rate = 2 %

5. Cash back = (1,200 / 100) x 2 = 12 x 2 = 24$

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The math behind it

cash back = amount spent × rate ÷ 100.

$1,200 at 2% → $24.

Category bonuses?

Apply the higher rate only to qualifying spend.