Walker's charges a daily rate of .049 percent on its store credit cards.What interest rate is the company required by law to report to potential customers? Assume each quarter has exactly 91.25 days.
A) 15.98 percent
B) 17.89 percent
C) 16.67 percent
D) 17.45 percent
E) 16.65 percent
Correct Answer:
Verified
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