As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction

Question

Alex17521 [72]

2 years ago

8

As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction

type has the highest a.p.r.?

Business

1 answer:

barxatty [35] · Answer 1 · 2023-07-25T08:00:03+03:00

The transaction type which has the highest annual percentage rate (A.P.R) is the one that is triggered by late payment.

An A.P.R is acronym for annual percentage rate and it can be defined as the yearly rate of interest that is typically generated with respect to an amount of money borrowed by a person (borrower) from a financial institution or investor (lender).

Generally, a transaction type which would have the highest annual percentage rate (A.P.R) based on how the credit card is used, is the A.P.R that is triggered by a borrower's late payment.

Read more on interest here: brainly.com/question/24341207