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5 February, 04:42

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

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Answers (1)
  1. 5 February, 05:24
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    The reason as to why it is important to know the interest rate on your credit care because if there is interest is a way of having additional payment and when it is higher, the more money the person will be paying back. So the answer will be letter a, the higher the interest rate, the more money you will be paying back.
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