Godsgirl247 Godsgirl247

21-08-2017
Business

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Why is it important to know the interest rate on your credit card?
a)The higher the interest rate, the more money you will be paying back
b)The higher the interest rate, the less money you will be paying back
c)The lower the interest rate, the more credit you can open
d)The lower the interest rate, the more money you can spend

Respuesta :

gabriellecourt4e gabriellecourt4e

22-08-2017

A

When you go into credit (the red) you basically loan money which means that you have to pay a "fine" called interest. so the more you loan and depending on the type of loan, the more interest you will pay.

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