adodge723 adodge723
  • 14-04-2022
  • Mathematics
contestada

Why is the interest rate one of the biggest factors when calculating the financial charges on credit cards?

Respuesta :

helpmeout777 helpmeout777
  • 14-04-2022
the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
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ItsBlinks5
ItsBlinks5 ItsBlinks5
  • 22-07-2022

Answer:

  • Interest rate is one of the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
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