Jalen had to pay \$2,000 on his credit card for some home repairs, which has an APR of 16\%. Let $n$ be the average daily balance and $o$ the monthly finance charge.
Which equation best determines $o$ using the APR?
A$o=\frac{0.16}{365} \cdot n \cdot 30$
B$o=\frac{0.16}{12} \cdot n$
C$o=0.16 \cdot n \cdot 30$
D$o=0.16 n$
Which equation best determines $o$ using the APR?
A$o=\frac{0.16}{365} \cdot n \cdot 30$
B$o=\frac{0.16}{12} \cdot n$
C$o=0.16 \cdot n \cdot 30$
D$o=0.16 n$