Question

A credit card had an APR of 16.42% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?

A. 11.78%
B. 16.42%
C. 17.84%
D. 17.71%

Answer 1

thinking its b

Answer 2

I don't no this one. I guess put ur answer.

Answer 3

Was it rite?

Answer 4

no

Answer 5

A credit card issuer charges an APR of 15.77%, and its billing cycle is 30 days long. What is its periodic interest rate?

A. 17.08%
B. 1.17%
C. 16.96%
D. 1.30%

Answer 6

hold on

Answer 7

k

Answer 8

i attemted it and failed at trying to solve it havent put in a answer yet tho

Answer 9

K got it look a ur message.