soles1234 soles1234

15-05-2017
Business

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Sophie's credit card has an APR of 19 percent. What is the periodic rate?

a. 1.58%
b. .79%
c. 19%
d. 2.28%

Respuesta :

nadelynp nadelynp

15-05-2017

A periodic rate is the interest rate (usually APR divided by 12) one if charged for one payment period.

19/12=1.58333 therefore is 1.58%

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