After Reading the Fine Print in Your Credit Card Agreement,you

question 72

Multiple Choice

After reading the fine print in your credit card agreement,you find that the "low" interest rate is actually an 18% APR,or 1.5% per month.What is the effective annual rate?

• A) 18.47%
• B) 19.56%
• C) 18.82%
• D) 19.41%

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Definitions:

Aquatic Ecosystem

A community of organisms and their physical environment interacting in a water-based environment.

Dense Coastal Fog

A thick fog that forms in coastal areas, usually due to the cooling of warm, moist air over cooler ocean currents.

Temperate Deciduous Forest Biome

A biome characterized by four seasons, including a distinct winter, and trees that lose their leaves annually.

Vegetation

The plants and plant life of a region or ecosystem, serving key roles in habitats by providing food and oxygen and influencing water cycles.