2 years ago

A credit card issuer charges an APR of 8.67% and its billing cycle is 30 days long what is its periodic interest rate.

Mathematics

2 answers:

olga2289 [7]2 years ago

6 0

Answer:

0.71% is the periodic interest rate

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Step-by-step explanation:

IrinaVladis [17]2 years ago

4 0

8.67×(30÷365)=0.71%per billing cycle

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