Rank the credit çards from best to worse from a borrowers perspective based on APR:
Credit card A-10% APR
Credit card B-12% APR
Credit card C-7% APR
Credit card D-35% APR
a. credit card A, credit card B, credit card C, credit card D
b. credit card C, credit card A, credit card B, credit card D
c. credit card D, credit card B, credit card A, credit card C
d. credit card B, credit card C, credit card D, credit card A
The ranking from best to worst based on APR is:
c. credit card D, credit card B, credit card A, credit card C
From best to worst based on APR, the ranking would be:
c. credit card C, credit card A, credit card B, credit card D
To rank the credit cards from best to worst based on the Annual Percentage Rate (APR), you will need to consider the lower APRs as more favorable for borrowers. The lower the APR, the less interest you will be charged on your outstanding balance.
Let's look at the APRs of each credit card:
- Credit card A: 10% APR
- Credit card B: 12% APR
- Credit card C: 7% APR
- Credit card D: 35% APR
Now, comparing the APRs, we can rank the credit cards as follows:
- Credit card C - 7% APR (lowest APR)
- Credit card A - 10% APR
- Credit card B - 12% APR
- Credit card D - 35% APR (highest APR)
Based on the rankings, the correct order from best to worst for a borrower would be:
b. credit card C, credit card A, credit card B, credit card D