Question

Help please?

Answer 1

What's your question?

Answer 2

Godfrey just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 11.2%, which of the following rates would most likely be the introductory APR?
A. 21.2%
B. 11.2%
C. 1.2%
D. 31.2%

Answer 3

Hmm, I'm not that familiar with banking, but my guess is that the introductory APR would be lower than a standard APR because banks tend to reward loyal customers with higher rates.Therefore a new customer might get a lower rate. My best GUESS would be C. 1.2%.

Answer 4

Yes, I agree. Intro APR's are typically 0-2% but only last 6-12 months. The standard APR will always be higher than introductory.

Answer 5

Yes its 1.2%