yazmittoledo12 yazmittoledo12

16-02-2022
Mathematics

contestada

A credit card had an APR of 15.83% all of last year and compounded interest
daily. What was the credit card's effective interest rate last year?
A. 19.53%
B. 19.37%
C. 11.95%
D. 17.84%

Respuesta :

alysialynnwilkerson5 alysialynnwilkerson5

16-02-2022

C. It’s APR because it’s less then it’s effective interest rate.

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