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A credit card issues chargers an APR of 19.66%, and it's billing cycle is 30 days long. What is its periodic interest rate? A. 21.72% B. 1.62% C. 1.22% D. 21.53%

A credit card issues chargers an APR of 19.66%, and it's billing cycle is 30 days long. What is its periodic interest rate? A. 21.72% B. 1.62% C. 1.22% D. 21.53%
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A credit card issues chargers an APR of 19.66%, and it's billing cycle is 30 days long. What is its periodic interest rate?

A. 21.72%
B. 1.62%
C. 1.22%
D. 21.53%

asked
User Thomas Fankhauser
by
7.7k points

1 Answer

4 votes

Answer:

the answer is C.

Step-by-step explanation:

answered
User Kyle Williamson
by
7.6k points
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