Mabel just got a new credit card that offers both an introductory and a standard APR. if the standard APR is 15.5%, which of the following rates would most likely be the introductory APR?

Question

Mathematics

Rigoberto

11 November, 19:49

Mabel just got a new credit card that offers both an introductory and a standard APR. if the standard APR is 15.5%, which of the following rates would most likely be the introductory APR?

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Answers (2)

Know the Answer?

Elliot Norton · Answer 1

(s) he is right it would be 5.5% because it is smaller than 15.5% or anything smaller than 15.5% in general

Rigoberto · Answer 2

The APR stands for "Annual Percentage Rate". If Mabel just got a new credit card that offers both an introductory and a standard APR of 15.5%, is she wants to know and determine the introductory rate, well the answer should be less than the standard rate (15.5%).

The answer should be less any value less than 15.5%. If there is 5.5% in choices, then that is the answer since it is smaller than 15.5%.