Question
Pick the 2 correct statements about interest.
CHOOSE 2
The interest rate you pay on money you borrow is usually lower than the rate you earn on money you save
The interest rate you pay on money you borrow is usually higher than the rate you earn on money you save
The interest rate you pay on money you borrow is usually equal to the rate you earn on money you save
The quicker you repay your debt, the less total interest you will pay
The quicker you repay your debt, the more total interest you will pay
CHOOSE 2
The interest rate you pay on money you borrow is usually lower than the rate you earn on money you save
The interest rate you pay on money you borrow is usually higher than the rate you earn on money you save
The interest rate you pay on money you borrow is usually equal to the rate you earn on money you save
The quicker you repay your debt, the less total interest you will pay
The quicker you repay your debt, the more total interest you will pay
Answers
Answered by
GPT-4o
The two correct statements about interest are:
- The interest rate you pay on money you borrow is usually higher than the rate you earn on money you save
- The quicker you repay your debt, the less total interest you will pay
- The interest rate you pay on money you borrow is usually higher than the rate you earn on money you save
- The quicker you repay your debt, the less total interest you will pay
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