Credit card A has an APR of 15.24% and an annual fee of $50, while credit card B has an APR of 17.49% and no annual fee. All else being equal, which
equation can be used to solve for P, the principal for which the cards offer the
same deal over the course of a year? (Assume all interest is compounded
monthly.)
O A. P(1 + 0.1524) "? 59. = P(1
P(1 + 0.1749) "?
O B. P(1 + 0.1524)"? + 50 = P(1+ 0.1749) 12
O C. P(1 + 0.1524) "? – 50 = P(1+ + 0.1749)
O D. P(1 + 0.1524)” + 9 = P(1 + 0.1749)
0.1749 12