Get the information you need with the help of IDNLearn.com's expert community. Our platform provides accurate, detailed responses to help you navigate any topic with ease.
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
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for visiting IDNLearn.com. We’re here to provide dependable answers, so visit us again soon.
