Get expert advice and insights on any topic with IDNLearn.com. Our experts provide timely and precise responses to help you understand and solve any issue you face.
Sagot :
Answer:
A. Interest can cause the overall cost of your purchase to increase.
Explanation:
The impact does interest have on the cost of the purchases you make when using credit are interest can cause the overall cost of your purchases to increase. Thus, option (a) is correct.
What is interest?
Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.
The interest is low, consumer can easily borrow money. A consumer pay more interest on actual cost. The cost of money is low but add interest percentage is monthly increases. The bank will pay more interest on deposits saving.
Therefore, option (a) is correct.
Learn more about on interest, here:
https://brainly.com/question/13324776
#SPJ5
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.
