Question

Which description defines the term APR?

a. It is the yearly rate of interest that you pay for credit card use.
b. It is the monthly rate of interest that you pay for credit card use.
c. It is the daily rate of interest that you pay for cre

Answer 1

Your answer would be, Letter Choice, ( A), Annual Percentage Rate (APR), is the Yearly Rate of Interest that he, or she pays for credit card use.

Annual Percentage Rate ===>> APR ====> Yearly Rate

Hope that helps!!!! Letter Choice, (A), Yearly Rate of interest he, or she pays for credit card use. : )

Answer 2

the answer is A. It is the yearly rate of interest that you pay for credit card use

Explanation:

APR is an abbreviation of Annual Percentage Rate which is the annual rate charged for borrowing or earned through an investment.

In this case it is the rate interest that has to be paid for using a credit card.

And it is an annual rate or yearly rate, therefore the answer is A. It is the yearly rate of interest that you pay for credit card use