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Which type of borrowing option would most likely result in the borrower paying the highest amount of interest? A. A card with a high compound interest rate OB. A card with a low simple interest rate ООО
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32 votes
32 votes
Which type of borrowing option would most likely result in the borrower

paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate

User Dominic Sayers
by
3.1k points

1 Answer

4 votes
4 votes

Answer:

A. A card with a high compound interest rate

Step-by-step explanation:

it is most likely to result in the borrower

User AeroX
by
3.1k points
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