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Godfrey just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 11.2%, which of the following rates would most likely be the introductory APR?
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Godfrey just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 11.2%, which of the following rates would most likely be the introductory APR?

User Govind Singh
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2 Answers

4 votes

Answer: 1.2-apex

...............

User Ivan De Paz Centeno
by
7.4k points
6 votes
the complete question in the attached figure

Let
x------------------- > introductory APR
y------------------- > standard APR
we have that
x < y

the only rate that is lower than the standard is the option A) 1.2%

the answer is 1.2 %
Godfrey just got a new credit card that offers both an introductory APR and a standard-example-1
User Mayank Shukla
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7.4k points
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