Answer:
im assuming its daily
Step-by-step explanation:
If you have a credit card with a 24% APR, that's the rate you're charged over 12 months, which comes out to 2% per month. Since months vary in length, credit cards break down APR even further into a daily periodic rate (DPR). It's the APR divided by 365, which would be 0.065% per day for a card with 24% APR. Hope this helps. :D
Answer:
8%
Step-by-step explanation:
APR means annual percentage rate.
To convert the daily rate to an APR, multiply the daily rate by the number of days in a year
365 days = 1 year
0.02192% x 365 = 8.0008%
To round off to the nearest percent, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.
The tenth digit is 0, so the number would be rounded off to 8%