Emma just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 14.9%, which of the following rates would most likely be the intr…

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asked Dec 3, 2021 29.3k views

2 Answers

VBAbyMBA · Answer 1 · 2021-12-07T07:59:32+0000

Answer: 4.9 %

Explanation:

Introductory APR means that the company will give you a lower interest rate at the beginning, to get you to spend more

Then , afte 1 year or so, they'll charge you standard APR, ao all you bought earlier and didn't pay for it, you'll pay higher interest to the bank