Which of the following are true if you pay only the minimum amount each month towards your credit card bill?You will be charged interest on your remaining balance.Your Annual Percentage Rate will increase.You may be in debt for a long time.Both A and B are true.
Answers
Answered by
4
here's your answer
both A and B are true .
Answered by
0
The answer is option A and B.
Whenever you pay only the minimum amount due on your credit card, interest is charged in the remaining balance carried forward to the next month. Also, the Annual Percentage Rate (APR) usually doesn't depend on whether you pay only the minimum amount, but some card issuers charge a penalty if just the minimum amount is continuously paid.
Similar questions