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2 years ago

12

A credit card had an APR of 25.67% all of last year and compounded interest daily. What was the credit card's effective interest

rate last year?
a
28.25%
b
29.25%
c
28.92%
d
27.32%

2 answers:

nataly862011 [7]2 years ago

8 0

Answer:

The answer is 29.25%.

Step-by-step explanation:

ella [17]2 years ago

8 0

I think it is B
Hope this is right!!!

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