select the correct answer. which description defines the term apr? a. it is the yearly rate of interest that…

select the correct answer. which description defines the term apr? a. it is the yearly rate of interest that you pay for credit card use. b. it is the monthly rate of interest that you pay for credit card use. c. it is the daily rate of interest that you pay for credit card use.

select the correct answer. which description defines the term apr? a. it is the yearly rate of interest that you pay for credit card use. b. it is the monthly rate of interest that you pay for credit card use. c. it is the daily rate of interest that you pay for credit card use.

Answer

Brief Explanations:

APR stands for Annual Percentage Rate. It represents the yearly rate of interest for credit - related transactions like credit card use.

Answer:

A. It is the yearly rate of interest that you pay for credit card use.