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A credit card had an APR of 18.42% all of last year and compounded interest daily. What was the credit card's effective interest rate last year

A credit card had an APR of 18.42% all of last year and compounded interest daily. What was the credit card's effective interest rate last year
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A credit card had an APR of 18.42% all of last year and compounded interest daily. What was the credit card's effective interest rate last year

User Gay
by
8.5k points

2 Answers

3 votes

Answer:

20.22 is correct for this i just did it on apex

Explanation:

User Beniamin
by
7.4k points
4 votes

Answer: 20.22%

Explanation:

APEX

User Hannibal
by
8.0k points
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