Ask Question
12 November, 03:51

Sophie's credit card has an APR of 19 percent. What is the periodic rate?

a. 1.58%

b ...79%

c. 19%

d. 2.28%

+1
Answers (1)
  1. 12 November, 04:28
    0
    A periodic rate is the interest rate (usually APR divided by 12) one if charged for one payment period.

    19/12=1.58333 therefore is 1.58%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sophie's credit card has an APR of 19 percent. What is the periodic rate? a. 1.58% b ...79% c. 19% d. 2.28% ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers