Beatrice Has a Credit Card That Applies Interest Every Month

Beatrice has a credit card that applies interest every month to her account balance. In this case, Beatrice is paying an interest rate that:

A) Equals the rate stated on her billing statement as the APR.
B) Is equal to the APR compounded continuously.
C) Is greater than the APR shown on her billing statement.
D) Is equal to the annual percentage rate as required by the government.
E) Will decline automatically as her account balance declines.