Mathematics High School

James recently got a credit card. The APR on the card is 19.8%. What is the monthly interest rate?
A. 1.65%
B. 7.8%
C. 12%
D. 19.8%

Answers

Answer 1

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.

Related Questions

A snail travels at an average speed of 0.1 feet per hour for 15 minutes. How many feet will the snail travel?

Answers

Answer:

1.5 Feet

Step-by-step explanation:

15 x .1 = 1.5

Other Questions
DeraseAn electric heater Consumes 1.8 MJ When connected to a 250V supply for 30 minutes. Find the power rating of the heater and the current taken from the supply A snail travels at an average speed of 0.1 feet per hour for 15 minutes. How many feet will the snail travel?