Question

SOMEONE HELP QUICK PLS!!! Examine the credit terms below:

Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 0% introductory APR for 10 months. After that, your APR will be 10.99%, 15.99%, or 17.99%, based on your creditworthiness. This APR will vary with the market, based on the Prime Rate. What happens to the APR after 10 months?

A) It decreases to 0%.

B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.

C)The credit terms do not specify how the rate will change.

D)There is no change to the interest rate.

Answer 1

The answer is most likely B B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.

I hope this helps and sorry for the wait