Question

1.
Kathleen made a purchase with her credit card. She paid half her balance before the end of the month. Based on this information, what should Kathleen expect to pay?

A.
Late fee

B.
Annual fee

C.
Remaining balance

D.
Remaining balance plus interest

Answer 1

D. Remaining balance plus interest

If she doesn't pay the full statement balance by the due date, she'll owe the remaining balance and be charged interest (finance charges) on the unpaid amount. A late fee applies if she misses a payment entirely; an annual fee is unrelated to this partial payment.