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Travis just got a new credit card that offers introductory APR of 3.6% for the first three months and a standard APR of 14.4% thereafter if interest is compounded monthly what i…

Travis just got a new credit card that offers introductory APR of 3.6% for the first three months and a standard APR of 14.4% thereafter if interest is compounded monthly what i…
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Travis just got a new credit card that offers introductory APR of 3.6% for the first three months and a standard APR of 14.4% thereafter if interest is compounded monthly what is the periodic interest rate during the first three months.?

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User Suhas Joshi
by
7.7k points

2 Answers

3 votes

0.3

aPeX

i just need to add characters apparently

answered
User Surfer On The Fall
by
7.7k points
7 votes

Answer: 0.3

Step-by-step explanation:

answered
User Ylva
by
8.0k points
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