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

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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

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2 Answers

2 votes

I think it would be true

Ickydime answered Jun 22, 2022

by Ickydime

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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

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