Mathematics, 09.12.2021 19:50 sierrastrickland99
Fellx and Oscar applied for the same credit card from the same bank
The bank checked both of their PIC scores. Felix had an excellent
credit rating, and Oscar had a poor credit rating.
a. Felix was given a card with an APR of 12%. What was his
monthly percentage rate?
b. Oscar was given a card with an APR of 15%, What was his
monthly percentage rate?
c. If each of them had an average daily balance of $800 and had to
pay a finance charge, how much more would Oscar pay than Felix?
Answers: 3
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Fellx and Oscar applied for the same credit card from the same bank
The bank checked both of their...
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