Question: Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent

Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent credit rating, and Oscar had a poor credit rating.
a. Felix was given a card with an APR of 12%. What was his monthly percentage rate?
b. Oscar was given a card with an APR of 15%. What was his monthly payment?
c. If each of them had an average daily balance of $800 and had to pay a finance charge, how much more would Oscar pay than Felix?

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