thischick12345 thischick12345

31-08-2016
Mathematics

Answered

Herman Opened a credit card at a department store with an APR of 24.45% compounded semiannually. What is the APY on his credit card?

A48.90%
B12.13%
C33.63%
D25.94%

Verified Answer :

veronicakelly57 veronicakelly57

31-08-2016

Semiannually means two.
so add 24.45 + 24.45
the answer would be A) 48.90%

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