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SE Roscoe's credit card has an APR of 13.59%, and it just changed its compounding period from daily to monthly. What will happen to the effective interest rate charged to Roscoe?
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SE

Roscoe's credit card has an APR of 13.59%, and it just changed its
compounding period from daily to monthly. What will happen to the effective
interest rate charged to Roscoe?

User Cdtits
by
5.9k points

2 Answers

2 votes

Answer:

The answer provided above is correct

Explanation:

User James Muranga
by
6.2k points
4 votes

Answer:

its will decrease by about 0.08% have a great day :)

Explanation:

User Guillaume Vincent
by
6.6k points
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