Pick the 2 correct statements about interest.

Question

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

Answer 1

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