18.6k views
4 votes
If the APR on a credit card is 15.9%, what is the daily percentage rate (DPR)?

User Afo B
by
8.0k points

1 Answer

6 votes
The daily percentage rate (DPR) for a credit card with an Annual Percentage Rate (APR) of 15.9% is 0.0437%. This is calculated by dividing the APR by 365, which is the number of days in a year.
User Ralfeus
by
8.4k points

Related questions

asked Dec 23, 2020 88.3k views
Moarboilerplate asked Dec 23, 2020
by Moarboilerplate
8.6k points
1 answer
5 votes
88.3k views
asked Mar 19, 2023 234k views
Dario Quintana asked Mar 19, 2023
by Dario Quintana
8.9k points
1 answer
23 votes
234k views