Question
Credit card A charges 16.25% interest, compounded continuously. Credit card B charges 16.3% interest, compounded monthly. What is the effective rate of credit card
Credit card A charges 16.25% interest, compounded continuously.
Credit card B charges 16.3% interest, compounded monthly.
What is the effective rate of credit card A? %
What is the effective rate of credit card B? %
Which one is the better credit card? Enter A or B. ?
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Get StartedRecommended Textbook for
Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
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