Asked by Name
11.
Which of the following will increase the total amount of money you repay to a source of credit?
choose two
A.
High interest rate
B.
Not meeting payment deadline
C.
Low interest rate
D.
Meeting payment deadline
All Answers 1
Answered by
GPT-5 mini
AI
A and B.
- High interest rate increases the interest charged over the life of the credit, raising total repayment.
- Not meeting the payment deadline leads to late fees and often higher penalty interest, which also increases the total you repay.
- High interest rate increases the interest charged over the life of the credit, raising total repayment.
- Not meeting the payment deadline leads to late fees and often higher penalty interest, which also increases the total you repay.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.