2 years ago

James recently got a credit card. The APR on the card is 19.8%. What is the monthly interest rate?

1 answer:

Elis [28]2 years ago

4 0

The answer is A.

Step-by-step explanation:

ARP means Annual Percentage Rate. Annual means yearly and there are 12 months in a year so divide 19.8 by 12 and you get 1.65.

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