Why is it important to know the interest rate on your credit card?The higher the interest rate, the more money you will be paying back
The higher the interest rate, the less money you will be paying back
The lower the interest rate, the more credit you can open
The lower the interest rate, the more money you can spend

Answers

Answer 1
Answer:

Answer: The higher the interest rate, the more money you will be paying back

Explanation:

It is important to know the interest rate on your credit card, that way you know how much you are capable of paying back without losing by working harder to repay the interest capped on your credit card. Hence, with low interest rate the tendency of paying back is faster.

Answer 2
Answer:

It is important to know the interest rate on your credit card because the higher the interest rate, the more money you will be paying back. The Option A.

Why does knowing the interest rate on your credit card matter?

Understanding the interest rate on your credit card is crucial because it directly impacts the cost of borrowing. The interest rate represents the percentage of the outstanding balance that you'll be charged as interest over time.

When the interest rate is higher, it means that a larger portion of your payments will go towards interest rather than paying down the principal amount. This leads to a longer repayment period and higher overall costs. By knowing the interest rate, you can make informed decisions about your credit card usage, budget more effectively.

Read more about interest rate

brainly.com/question/29451175

#SPJ6


Related Questions

_____ integrates advertising of branded products into interactive games.
A written agreement containing the various provisions under which a partnership is to operate is known as a partnership agreement. a. True b. False
The law of supply and demand relates toa. the relative price of goods and services.b. the rate of unemployment.c. the income tax structure.d. the presence of a monopoly.
Whats the difference between the salary and hourly calculator? pleaseeee helpp
Why do union contracts protect workers who have seniority?A. Older workers have more voting power in unions; they vote to protect themselves. B. Unions tend to support older members because they pay more in union dues. C. Businesses are more likely to fire older, higher-paid workers. Seniority rules protect older workers. D. United States law forces unions to consider seniority in collective bargaining

organizations following a(n) ____ strategy try to both minimize risk and maximize oppurtunity for profit, moving into new products or new markets only after innovators have proven their viability

Answers

Answer:

Imitation.

Explanation:

Organizations following an imitation strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability. Imitation strategy is one the most effective way of saving your time, energy and money. It is known as the low-cost strategy as well particularly when the option of choosing and selecting is too difficult or costly. This strategy has been widely and successfully used by many well-renowned brands, for example, Coca Cola, once has imitated RC Cola when they replicated their diet cola options, McDonald's has taken the idea of fast food chin from the White Castle.

Which of the following statements about scholarships is not trueA. They may be funded by colleges themselves or through alumni associations.

B. They may be available through organizations that serve certain ethnic groups.

C. They may be based on artistic talent or some other special ability.

D. They are based on need and the money has to be repaid after graduation.

Answers

The scholarship is not based on need, and the money must be repaid after graduation, according to the erroneous statement. Option D is correct.

What is the significance of scholarship?

A scholarship allows degree students to continue their studies without the need for student loans. On the other hand, a large number of scholarships are available for those interested in research, such as the PhD program and post-doctoral research.

The scholarships may be funded by colleges or alumni associations, as well as organizations that serve specific ethnic groups, and may be based on artistic talent or some other special ability.

Thus, fellowships aid us in our pursuit of higher education and intellectual advancement. By removing the financial barrier, it helps to empower the academic and career aspirations. Obtaining a scholarship eliminates any financial concerns. As a result, a student have more time to study, learn, and improve any grades.

Therefore, option D is correct.

Learn more about the scholarships , refer to:

brainly.com/question/23629802

#SPJ6

Answer:

D

Explanation:

Bramble Inc is a book distributor that had been operating in its original facility since 1995 . The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Bramble since 2020 . Bramble's original facility became obsolete by early 2025 because of the increased sales volume and the fact that Bramble now carries DVDs in addition to books. On June 1, 2025, Bramble contracted with Black Construction to have a new building constructed for $5,120,000 on land owned by Bramble. The payments made by Bramble to Black Construction are shown in the schedule below. Date Amount July 30, 2025 $1,152,000 January 30, 2026 1,920,000 May 30, 2026 2,048,000 Total payments $5,120,000 Construction was completed and the building was ready for occupancy on May 27.2026. Bramble had no new borrowings directly Jssociated with the rew building but had the following debt outstanding at May 31 , 2026, the eid of its fiscal year: 10%, 5-year note payable of $2,560,000, dated April 1. 2022, with interest payable annually on April 1. 12%,10-year bond issue of $3,840,000 sold at par on June 30,2018 , with interest payable annually on June 30 . The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building, compared with the effect of expensing the interest, is material. (a) Compute the weighted aiverage accurnulated expenditures on Arambie's new building during the capitalization period, Weighted-average accumulated expenditures ___ $

Answers

To compute the weighted average accumulated expenditures on Bramble's new building during the capitalization period, we need to consider the payments made to Black Construction and the timing of these payments.

Using the information provided, we can calculate the weighted average accumulated expenditures as follows:

1. Identify the payments made during the capitalization period:
- July 30, 2025: $1,152,000
- January 30, 2026: $1,920,000
- May 30, 2026: $2,048,000

2. Determine the time-weighted factor for each payment:
The capitalization period starts from June 1, 2025, to May 27, 2026, which is a total of 361 days.

- July 30, 2025: 63 days / 361 days = 0.1745
- January 30, 2026: 244 days / 361 days = 0.6765
- May 30, 2026: 360 days / 361 days = 0.9972

3. Calculate the weighted average accumulated expenditures:
- July 30, 2025: $1,152,000 * 0.1745 = $200,724
- January 30, 2026: $1,920,000 * 0.6765 = $1,299,840
- May 30, 2026: $2,048,000 * 0.9972 = $2,042,496

4. Sum up the weighted amounts:
$200,724 + $1,299,840 + $2,042,496 = $3,542,060

Therefore, the weighted average accumulated expenditures on Bramble's new building during the capitalization period amount to $3,542,060.

and ends at (240,250). There is a blue downward sloping line that starts at (70,250) and ends at (240,150).) What sales price should you select to meet the equilibrium price for the lawn mower?

Answers

Answer:

$190

Explanation:

The equilibrium price of the lawnmower can be deduced from the graph ; it is the point of intersection of the orange and blue line ; which is the intersection point if the supply and demand line. The price axis is located on the vertical y-axis. This intersection point when traced to the left of the graph gives the equilibrium price. Hence, the equilibrium price as obtained from the graph is about $190

Liz refuses her employer's request to falsify the contents of a report to the Equal Employment Opportunity Commission (EEOC). The employer subsequently discharges Liz for not following orders. Identify the exception to the employment-at-will doctrine that Liz is likely to choose when she files a wrongful discharge suit. A. equal employment
B. affirmative action
C. reverse discrimination
D. implied contract
E. public policy

Answers

Answer: (E) Public policy

Explanation:

  The public policy is the term which is used to define the various types of law systems and evaluating the regulatory measures taken by the government and any representative.

 The importance pf the public policy is that it helps in solving the various types of issues or problems more effectively and the policies are developed for typically resolve the issue of the public.

According to the given question, Liz is basically choosing the public policy for avoiding all the wrongful discharge in an organization. Therefore, Option (E) is correct answer.      

what should jose tell michelle about this offer? what are additional questions she should find answers to prior to getting this credit card?

Answers

Answer- Don't trust the offer, scamming companies often send emails like the ones she received to scam people out of their information. She should go to the banks website to verify that the offer is true.

Answer:

Jose would suggest Michelle not to trust the offer because scamming companies are trying to scam people's information. Jose would suggest her  to visit the bank’s website or the bank to ensure that the offer is valid