Question

Consumer math help

Answer 1

1. When you are paying a bill in full, said bill is completely paid off. In other words, the bill amount has been fulfilled by the consumer in a sort of payment. The answer is a. consumer is paying it off. 2. APR is a rate that is used frequently when applying and using a credit card. It stands for c. annual percentage rate or the percentage that will be charged when a credit card is not paid in full by the due date each month. 3. When calculating interest accrued you should multiply the principal by the APR & number of months, then divide the number of months in a year (12). This will be the interest that the consumer has gained and must pay off to the lender.