Expert Card has an APR of 16.2% compounded monthly. Passport has a daily periodic interest rate of 0.0398%. Explore has a monthly periodic interest rate of 1.35%. Which card has the higher APR?

Question

anonymous. · Answer

Expert Card : 16.2 % / 12 =0.0135 [ 1.35 ]
Passport Card : 0.0398% / 365 =0.00000109 
Explore Card : 1.35% / 12 = 0.001125 [0.1125] <------ your answer ! 

I hope this helps :3

anonymous · Answer

So wait, explore has the higher APR?