A credit card has an APR of 30.75%, and its billing cycle is 30 days long. What is the credit card's periodic interest rate?

Given:

APR or annual percentage rate = 32.47%

billing cycle: 30 days

Annual percentage rate means that it is the percentage rate for the year. Therefore, we need to determine if the correct number of days used will be 360 days or 365 days.

30 days * 12 months = 360 days.

Divide the APR by 360 days to get the periodic interest rate or daily periodic rate.

32.47% ÷ 360 days = 0.09%

The credit cards' periodic interest rate is 0.09%

Step-by-step explanation:

ummm seems that u didnt post the attachement !

she will sew have sewn five dresses   and be 1/3 done with the sixth one in an hour.

step-by-step explanation:

3/4 of an hour=45 mins

lucy makes 1 dress per 11.25 minutes

45 mins+11.25 mins=56.25 mins

60 mins- 56.25 mins=3.75 mins

3.75 mins is 1/3 of of 11.25 mins

therefore she the other 1/3 would be part of the hour and she will have sewn 5 dresses and begun the sixth.

contact me if you have any questions you are welcome.