Apex financial literacy: comparing credit and apr jesse has a balance of $1200 on a credit card with an apr of 18.7%, compounded monthly. about how much will he save in interest over the course of a year if he transfers his balance to a credit card with an apr of 12.5%, compounded monthly? (assume that jesse will make no payments or new purchases during the year and ignore any possible late payment fees.) a.$87.33 b.$85.77 c.$181.46 d.$117.85