Merle has an offer from a credit card issuer for a 0% apr for the first 60 days and a 23.19% apr afterwards, compounded daily. what effective interest rate is merle being offered? a.26.09% b.23.19% c.21.38% d.25.82% since no one can me when i put 10 points, lets see yall now gold diggers

C: 21.38%

Step-by-step explanation:

Step-by-step explanation: Knowing the apr was 0 for the first 60 days, and 23.19% for the rest of the days, the equation we need to do is:

R = (1 + r/(365) )^(D) - 1

Where R is the apr (in decimal form), we have 0 for the first 60 days, and 0.2319 for the other 305 days.

D is the number of days that is applied, so we have two parts:

R = (( 1 + 0/365)^60 - 1 ) + ((1 + 0.2319/365)^305 - 1) = 0.21375

That can be rounded up to 0.2138.

Now, we multiply this number by 100% and we get 21.38%

so the right answer is C.