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zhuklara [117]
3 years ago
11

Which of these scenarios describes the COST of credit? Question 9 options: paying more for an item than its original cost paying

for a semester at college buying a safer vehicle
Social Studies
1 answer:
Illusion [34]3 years ago
5 0

The correct answer is "C) paying more than its original".

The cost of credit is also known as the <em>interest</em> is generated for paying the borrowed amount of money in a given period of time.

<em>Interest</em> is the value of money in time. An <em>interest rate</em> is a rate at which the interest grows throughout time.

Once you end up paying the credit. You will have ended up paying the original amount you borrowed plus the interest.  

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