asked 66.5k views
4 votes
a credit card issuser charges an APR of 10.82% and its billing cycle is 30 days long . what is its periodic interest rate

asked
User Blokkie
by
8.0k points

1 Answer

4 votes
10.82×(30÷365)=0.89%
answered
User Penartur
by
8.9k points
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