kamerondouglas0 kamerondouglas0
  • 02-11-2017
  • Business
contestada

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. 1.30%
C. 1.17%
D. 16.96%

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brettpennington
brettpennington brettpennington
  • 06-11-2017
The periodic interest rate would be B: 1.30%.
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score1023
score1023 score1023
  • 06-11-2017
The periodic interest rate would be B, 1.30%, This is right on APEX
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