Mathematics, 30.01.2020 01:52 layla07

Gretchen just got a new credit card that offers an introductory apr of 4.8% for the first 4 months and a standard apr of 15.6% thereafter. if interest is compounded monthly, what is the periodic interest rate during the first 4 months?
a. 0.4%
b. 0.3%
c. 1.2%
d. 1.6%

Answers: 2

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Gretchen just got a new credit card that offers an introductory apr of 4.8% for the first 4 months and a standard apr of 15.6% thereafter. if interest is compounded monthly, what is the periodic interest rate during the first 4 months? a. 0.4% b. 0.3% c. 1.2% d. 1.6%

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Gretchen just got a new credit card that offers an introductory apr of 4.8% for the first 4 months and a standard apr of 15.6% thereafter. if interest is compounded monthly, what is the periodic interest rate during the first 4 months?
a. 0.4%
b. 0.3%
c. 1.2%
d. 1.6%