Gretchen just got a new credit card that offers an introductory APR of 4 8 for the first 4 months and a standard APR of 15 6

Question

Gretchen just got a new credit card that offers an introductory APR of 4 8 for the first 4 months and a standard APR of 15 6 thereafter If interest is compounded monthly what is the periodic interest rate during the first 4 months OA 1 2 OB 0 4 OC 0 6 D 1 3

Kunduz · Accepted Answer

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