The formula to calculate the Card Points (CP) is:
\[ CP = S \times CF \]
where \( CP \) is the card points, \( S \) is the total amount of money spent on the card, and \( CF \) is the points conversion factor.
Card points are rewards earned based on the amount of money spent using a credit or debit card. The points can often be redeemed for various rewards such as cashback, travel miles, or gift cards. The points conversion factor determines how many points are earned per dollar spent.
Let's assume we have the following values:
Step 1: Multiply the total money spent by the conversion factor:
\[ CP = 1000 \times 1.5 = 1500 \text{ points} \]
Therefore, the Card Points (CP) are \( CP = 1500 \) points.
