Answered

Question 15
rict ndentiality and your answers may be used for research purposes.
1 pts
Which of the following will result in your paying the LARGEST amount of interest to the credit
card company?
O Paying 20% of your credit card balance every month
O Making the minimum payment every month
O Paying off your balance every month
O Saying "credit" every time the cashier asks "Debit or credit?"
< Previous
Next ▸



Answer :

GinnyAnswer

Final answer:

Paying the minimum payment every month results in paying the largest amount of interest to the credit card company.


Explanation:

Paying the minimum payment every month will result in paying the largest amount of interest to the credit card company. When you make only the minimum payment, you end up paying more in interest over time as the outstanding balance accumulates interest.


Learn more about Credit card interest here:

https://brainly.com/question/12299831


Other Questions