Jamie has applied for a credit card. the apr of the card is 20%. what will be the monthly interest rate?

1.67%

Step-by-step explanation:

The APR of a card is the Annual Percentage Rate. This is the yearly rate of interest that a person has to pay on the money he or she borrowed. Interest is a price that is paid for borrowing money. In this case, if the APR is 20%, we would need to divide this number by the number of months in a year in order to get the monthly interest rate:

20 / 12 = 1.67 %

5y

step-by-step explanation:

all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

step-by-step explanation: