If the standard APR is 15.5%, rates would most likely be the introductory APR is 5.5%. Thus, option (d) is correct.
What is the APR?
The acronym APR stands for “Annual Percentage Rate.” The APR relates to borrowing money in order to charge interest. The annual percentage rate is referred to as the APR. The annual percentage rate (APR) applied over the course of a year, modest charge rates, mortgage loan, credit card, and so on.
The standard APR, often known as the go-to rate. The normal APR has a distinct facility for purchase, cash advance, or balance transfer. The introductory APR is a promotional rate that is lower than the card's standard APR for a set period of time. The usual APR is high with the introductory APR is lower rate is 5.5%.
Therefore, option (d) is correct.
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The question of the missing options given are :-
A. 15.5%
B. 25.5%
C. 35.5%
D. 5.5%
