Question

(Cash Versus Financing LC)

A new credit card holder must decide between two credit cards. The first card offers a current APR of 16.7% compounded daily. The second card has a current daily periodic interest rate of 0.049%. Which card would be the better choice?

The first card is the better choice because the daily periodic interest on the first card is 0.046%, compared to 0.049% on the second card.
The first card is the better choice because the daily periodic interest on the first card is 0.049%, compared to 0.046% on the second card.
The second card is the better choice because the daily periodic interest on the first card is 0.046%, compared to 0.049% on the second card.
The second card is the better choice because the daily periodic interest on the first card is 0.049%, compared to 0.046% on the second card.

Answer 1

the first card is the better choice because the daily periodic interest on the first card is 0.046%, compared to 0.049% on the second card. I think it should be.

Answer 2

You can eliminate the ones that have 0.049% first since y'know bigger percent rate.

Answer 3

whats the difference between a and c?

Answer 4

never mind, i see its between first and and second. i understand now.thank you man

Answer 5

Of course ^^