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A credit card issuer charges an APR of 13.59%, and its billing cycle is 30 days long. What is its periodic interest rate?
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A credit card issuer charges an APR of 13.59%, and its billing cycle is 30 days long. What is its periodic interest rate?
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Feb 3, 2018
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A credit card issuer charges an APR of 13.59%, and its billing cycle is 30 days long. What is its periodic interest rate?
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Downeyt
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Answer:
Answer is ......1.12% on APEX
Explanation:
Murat
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Feb 3, 2018
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Murat
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13.59*30/365=1.12%
......................
Cbarrick
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Feb 8, 2018
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