Madeline’s credit card had an apr of 18.96% all last year, and interest was compounded periodically throughout the year. which of these statements accurately describes the effective interest rate of madeline’s credit card last ?

A. It was less than 18.96% whether interest was compounded daily or monthly.

For this case we need to find the interest compuned dauly and monthly

So then that's the best option since both values are less than 18.96%

Step-by-step explanation:

A. It was less than 18.96% whether interest was compounded daily or monthly.

For this case we need to find the interest compuned dauly and monthly

So then that's the best option since both values are less than 18.96%

B. It was greater than 18.96% whether interest was compounded daily or monthly.

False as we can see for option A the interest rates for the compounded time monthly and daily are less than 18.96%.

C. It was greater than 18.96% if interest was compounded daily but not if interest was compounded monthly.

False for both we have values lower than 18.96%.

D. It was less than 18.96% if interest was compounded daily but not if interest was compounded monthly.

False for both we have values lower than 18.96%.

it was greater than 18.96% whether interest was compounded daily or monthly.

Step-by-step explanation:

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step-by-step explanation: