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A credit card issuer charges an APR of 14.84%, and its billing cycle is 30 days long. What is it's periodic interest rate?

A credit card issuer charges an APR of 14.84%, and its billing cycle is 30 days long. What is it's periodic interest rate?
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2 votes
A credit card issuer charges an APR of 14.84%, and its billing cycle is 30 days long. What is it's periodic interest rate?

User Marczoid
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2 Answers

4 votes

1.22% just took it on Apex

User Jacek J
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7.6k points
3 votes
1.22% is the answer because i took the test and this is the right answer
User Alex Alexeev
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7.8k points
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