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Your credit card company charges you 1.43 percent per month. What is the APR on your credit card? 17.16% 19.50% 17.87% 16.30% 18.58% If I

Your credit card company charges you 1.43 percent per month. What is the APR on your credit card?

17.16% 19.50% 17.87% 16.30% 18.58% If I use the EAR method, the answer is the last one. Why I can't use the EAR method? Both EAR and APR are on the annual basis.

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