Acredit card issuer charges an apr of 13.99%, and its billing cycle is 30 days long. what is its periodic interest rate?

a. 14.37%
b. 1.15%
c. 0.97%
d. 11.43%

A credit card issuer charges an APR of 13.99%, and its billing cycle is 30 days long its periodic interest rate would be 1.15%. The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

"it's not the heat, it's the humidity".   that's a partly valid phrase you may have heard in the summer, but it's actually both.   the heat index, also known as the apparent temperature, is what the temperature feels like to the human body when relative humidity is combined with the air temperature.   this has important considerations for the human body's comfort.   when the body gets too hot, it begins to perspire or sweat to cool itself off.   if the perspiration is not able to evaporate, the body cannot regulate its temperature.   evaporation is a cooling process.   when perspiration is evaporated off the body, it effectively reduces the body's temperature.   when the atmospheric moisture content (i.e. relative humidity) is high, the rate of perspiration from the body decreases.   in other words, the human body feels warmer in humid conditions.   the opposite is true when the relative humidity decreases because the rate of perspiration increases.   the body actually feels cooler in arid conditions.   there is direct relationship between the air temperature and relative humidity and the heat index, meaning as the air temperature and relative humidity increase (decrease), the heat index increases (decreases).

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