Question 1 of 30
A retail company is analyzing the effectiveness of its loyalty program, which offers customers points for every dollar spent. The program allows customers to redeem points for discounts on future purchases. If a customer spends $200 in a month and earns 2 points for every dollar spent, how many points will they accumulate? Additionally, if the customer redeems 150 points for a $15 discount, what is the effective value of each point in terms of dollars?
$0.10 per point
$0.05 per point
$0.15 per point
$0.20 per point

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