amcfEmmitzfiasake amcfEmmitzfiasake

11-11-2016
Mathematics

contestada

A credit card had an APR of 17.84% all of last year and compounded interest daily. What was the credit card's effective interest rate last year? A.19.37% B.17.84% C.11.95% D.19.53%

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Аноним Аноним

14-11-2016

The solution to the problem is as follows:

((1+.1784/365)^365) - 1 =.1953=19.53%

Therefore, best and most correct answer among the choices provided by your question is the fourth choice or letter D. 19.53%

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

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rintalaanthony rintalaanthony

09-08-2019

Answer:

19.53%

Step-by-step explanation:

Apex

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