Question

Give reasons-We pay more if we take things on credit and loan.​

Answer 1

Give reasons-We pay more if we take things on credit and loan.

$\sf\pink {Answer}$

If we take things on credit and loan a specific interest is charged on them it may be simple or compound due to which we will have to pay the sum borrowed plus the amount charged due interest . The amount of interest increase with increase in time period . Hence if we take things on loan or credit we have to pay more money than the money borrowed .