Question

the annual percentage rate on a credit card determines _______. athe amount of interest you are charged on credit card purchases bthe amount your credit limit can go up within a year chow many credit cards you can own dnone of the above

Answer 1

Whenever you borrow money, an interest rate will be applied. So lets say we borrow $1,000 at a rate of 5%. That means i'll have to pay back 5% of $1,000. That's an extra $50.
Your answer will be A.