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CREDIT CARDS ASSIGNMENT Calculate the daily interest rate for each of the following credit cards annual rate: A) 19.9%
B) 30%

Sagot :

Heatheridn

Answer:

  A) 0.05452%

  B) 0.08219%

Step-by-step explanation:

     To find the daily interest rate from the given annual percentage rate (APR), we can divide by 365 since there are normally 365 days in a year.

           [tex]\boxed{A}\;\;19.9\%/365=0.05452\%[/tex]

           [tex]\boxed{B}\;\;30\%/365=0.08219\%[/tex]

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