Genevive is in her first year at university. She is originally from Quebec City but lives near the university in Downtown Montral during the school year. She has been

approached by the Bank of Montreal for a BMO Cashback Mastercard for students

for her first credit card. What would be Genevives effective interest rate on her credit card if she took a cash advance? Hint: use the credit card details below as well as 365 days for compounding.

25.85% a

24.59% b

23.67% c

24.47% d