Dontlikeyou55 Dontlikeyou55
  • 19-05-2017
  • Mathematics
contestada

A credit card issuer charges an APR of 8.67% and its billing cycle is 30 days long what is its periodic interest rate.

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 19-05-2017
8.67×(30÷365)=0.71%per billing cycle
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jvillard22405 jvillard22405
  • 19-01-2019

Answer:

0.71% is the periodic interest rate

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