The annual percentage rate (APR) on a credit card refers to the amount of interest charged on unpaid balances. This rate indicates how much you will pay in interest if you carry a balance from one month to the next.
What is the annual percentage rate (APR) on a credit card?
Responses
the expected return on the credit card company's investments
the expected return on the credit card company's investments
the percentage of a person's income they can spend each year
the percentage of a person's income they can spend each year
the credit card's maximum spending limit
the credit card's maximum spending limit
the amount of interest charged on unpaid balances
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