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SE Roscoe's credit card has an APR of 13.59%, and it just changed its compounding period from daily to monthly. What will happen to the effective interest rate charged to R…

SE Roscoe's credit card has an APR of 13.59%, and it just changed its compounding period from daily to monthly. What will happen to the effective interest rate charged to R…
asked 231k views
1 vote
SE

Roscoe's credit card has an APR of 13.59%, and it just changed its
compounding period from daily to monthly. What will happen to the effective
interest rate charged to Roscoe?

asked
User Cdtits
by
8.0k points

2 Answers

2 votes

Answer:

The answer provided above is correct

Explanation:

answered
User James Muranga
by
8.4k points
4 votes

Answer:

its will decrease by about 0.08% have a great day :)

Explanation:

answered
User Guillaume Vincent
by
8.7k points
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