A credit card issuer charges an APR of 19.66%, and its billing cycle is 30 days long. What is its periodic interest rate? Round
2 answers:
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The last line is in vertex form, and can see the vertex is located at (2,1).
The correct answer is: [B]: " 
" .
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Consider choice [A]:
;
=
;
= 2 ; "2 ≠ -2" ; so we can rule out: "Choice [A]" .
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Consider choice [B]: ;
=
;
= "-2" ; Yes!
→ Let us proceed with the final answer choice ;
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Consider choice [C]:
;
= ;
= 2 ; "2 ≠ -2" ; so we can rule out: "Choice [C]" .
__________________________________________________________
The correct answer is: [B]: " " .
__________________________________________________________
__________________________________________________________
Consider choice [A]:
=
= 2 ; "2 ≠ -2" ; so we can rule out: "Choice [A]" .
__________________________________________________________
Consider choice [B]:
=
= "-2" ; Yes!
→ Let us proceed with the final answer choice ;
__________________________________________________________
Consider choice [C]:
=
= 2 ; "2 ≠ -2" ; so we can rule out: "Choice [C]" .
__________________________________________________________
The correct answer is: [B]: "
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