Register
A credit card issuer charges an APR of 8.67% and its billing cycle is 30 days long what is its periodic interest rate.
70.6k views
3 votes
A credit card issuer charges an APR of 8.67% and its billing cycle is 30 days long what is its periodic interest rate.

User Kockiren
by
6.5k points

2 Answers

2 votes

Answer:

0.71% is the periodic interest rate

- Apex User

Explanation:


User Jerfeson Guerreiro
by
6.9k points
3 votes
8.67×(30÷365)=0.71%per billing cycle
User DPS
by
6.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.7m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!