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Earn +20 ptsQ: Can you renegotiate the interest rate on your credit card?
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What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.?
14.4 %. A+
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
Can you be charged 34.97 percent annual percentage rate?
Yes, if you agree to it. In order to be charged interest, you must be borrowing money, even on a credit card. If your credit card company is raising your interest rate to 34.97%, you are given the option to pay off your balance to avoid the interest rate. If you do not pay off the balance, you are, in essence, agreeing to pay the interest rate.
Calculate the monthly interest rate on a credit card that charges 18 percent annual interest?
1.5 or 1.50
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