How do you calculate the daily periodic rate?

2 answers:

8 0

A daily periodic interest rate is calculated by dividing the annual percentage rate, or APR, by either 360 or 365, depending on the card issuer.

skad [1K]4 years ago

7 0

Answer:

First we need to know what's APR.

APR refers to a annual periodic rate that's charged in a credit card. It changes depending on the company. So, the daily periodic rate can be calculated by dividing the APR of the credit car by 360 or 365, depending on the credit card companies.

So, basically, you need to call the company and ask about the APR and ask if the use 360 or 365 days to calculate the daily periodic rate, then do the division.

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What comes after ones column?

alekssr [168]

Answer: tens

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7 0

3 years ago

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and United States Lowe's sells particular carpet for $4.88 per square foot in the United Kingdom carpetright sells assembler car

Alisiya [41]

The carpet of United Kingdom carpet-right is cheaper by 3.33 dollars/ft²

Explanation

Price of the carpet in United States Lowe's is 4.88 dollars/ft²

Price of the carpet in United Kingdom carpet-right is 12.99 pound sterling/m²

1 pound sterling = 1.28 US dollars and 1 meter = 3.28 ft . So....

12.99 pound sterling/ m²

$=\frac{(12.99) pound sterling}{(1 meter)^2}\\ \\ = \frac{(12.99*1.28)dollars}{(3.28 ft)^2} =\frac{16.6272 dollar}{10.7584 ft^2}= 1.55 dollar/ft^2$

As the unit price of the carpet per square feet in United Kingdom carpet-right is less than United States Lowe's, so the carpet of United Kingdom carpet-right is cheaper by $(4.88-1.55)dollar/ft^2 = 3.33 dollar/ft^2$