Asked by Guy

If the APR on your credit is 18%, what percentage do you pay each month on an outstanding balance?

15 years ago

Answered by Ms. Sue

APR means annual percentage rate.

18/12 = 1.5% per month

15 years ago

There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer

We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.