Your monthly finance charge is based on your interest rate and your balance, the higher your interest rate, the higher your finance charge will be. True False

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories

asked Jun 19, 2022 209k views

5 votes

Your monthly finance charge is based on your interest rate and your balance, the higher your interest rate, the higher your finance charge will be.

True
False

Mathematics
high-school

Skapral asked

by Skapral

8.0k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

2 votes

I think it would be true

Ickydime answered Jun 22, 2022

by Ickydime

8.1k points

0 Comments

Please log in or register to add a comment.

5 votes

Answer:

True

Explanation:

If you don't pay by the deadline, interest rate will contribute to your finance charge.

Anthony Greco answered Jun 26, 2022

by Anthony Greco

8.0k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.9m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions