Question

The graph below shows interest charges accrued on 4 different credit cards. Based on the graph, which credit card appears to have an introductory APR? A. Card 1
B.Card 2
C. Card 3
D.card 4

Answer 1

Answer:

The correct option is D.card 4

Step-by-step explanation:

Consider the provided graph.

The introductory APR is a discounted interest rate which credit card companies frequently give new customers after opening an account for a fixed number of months. Most credit cards on payments, balance transfers or both offer discounted APRs.

The graph of card 4 is showing that the interest rate in Jan to Apr was lower, after Apr the interest rate increase with different slope.

Therefore, the correct option is D.card 4