Emma just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 14.9%, which of the following rates would most likely be the introductory APR?
![Emma just got a new credit card that offers both an introductory APR and a standard APR If the standard APR is 149 which of the following rates would most likel class=](https://us-static.z-dn.net/files/dc5/d42cc38a9151a521d2ee258ceeba1ed0.jpeg)
Answer: 4.9 %
Step-by-step explanation:
Introductory APR means that the company will give you a lower interest rate at the beginning, to get you to spend more
Then , afte 1 year or so, they'll charge you standard APR, ao all you bought earlier and didn't pay for it, you'll pay higher interest to the bank