Your credit card company charges you 1.15 percent interest per month. what is the apr?

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A charge card is a type of your credit card company charges you 1.15 percent interest per month. what is the apr? that charges no interest but requires that you pay the statement balance in full, usually monthly. They have an uncapped spending limit with generous reward benefits for the cardholder, but typically charge a high annual fee.

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[Solved] Your Credit Card Company Charges You 1 | Quiz+

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Your credit card company charges you 1.15 percent interest per month. What is the APR? A) 18.92 percent B) 13.80 percent C) 15.95 percent D) 17.25 percent

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26/09/2018  · Your credit card company charges you 1.15 percent Interest per month. What is the APR? Multiple Cholce 18.92 percent 13.80 percent 15.95 percent 17.25 percent 14.71 percent ; Question: Your credit card company charges you 1.15 percent Interest per month. What is the APR? Multiple Cholce 18.92 percent 13.80 percent 15.95 percent 17.25 percent …

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Your credit card company charges you 1.15 percent per month. What is the annual percentage rate on your account? a.10.85 percent b.9.93 percent c.13.80 percent d.12.86 percent e.9.70 percent Question : Your credit card company charges you 1.15 percent per month.

Corporate Finance Quiz 21.pdf – 100 Award 1.00 point …

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This preview shows page 1 – 4 out of 4 pages. View full document. 100. Award: 1.00 point Your credit card company charges you 1.15 percent interest per month. What is the APR? 18.92 percent 13.80 percent 15.95 percent 17.25 percent 14.71 percent APR = .0115 (12) APR = .1380, or 13.80% .

Solved 3) Your credit card company charges you 1.45 …

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3) Your credit card company charges you 1.45 percent per month. a) What is the APR on your credit card? b) What is the EAR on your credit card? Who are the experts? Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. a) APR = 1.45 * 12 ….

FAQ your credit card company charges you 1.15 percent interest per month. what is the apr?

What is the Annual Percentage Rate on my credit card?

Your credit card company charges you 1.18 percent per month. What is the annual percentage rate on your account? You are paying an effective annual rate of 14.10 percent on your credit card. The interest is compounded monthly.

What determines the APR on a credit card?

The APRs of your credit cards are often set based on your credit history. Generally, a strong credit history can help you score a low APR, while poor or average credit may leave you with a higher interest rate (though there’s no guarantee either way).

How much credit card interest do I pay each month?

The amount of credit card interest you pay each month can fluctuate based on your credit card balance and any changes to your interest rate. Your finance charge, which is how interest is applied to your balance, may be calculated in different ways based on your annual percentage rate and credit card balance. Read…

What is 15 percent interest on a credit card?

That 15 to 20 percent is not a one-time fee per charge, it is an ongoing charge for the balance each month. So if you were to charge $2,500 to your credit card and only pay the minimum payment of $50, at 15 percent interest it would take you six and a half years to pay this debt off.

How Does Credit Card APR Work?

How Credit Card Interest Works – How Credit Card Interest Rate / APR is Calculated and Applied

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