Question

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month? AAnnual Percentage Rate BAnnual Membership Fee CBalance Transfer Fee DLate Fee

Answer 1

A. Annual Percentage Rate tells you how much your credit card interest will be if you only pay the minimum balance each month. This is the most appropriate choice because the membership fee, the balance transfer fee, and the late fee do not give any information about the interest rate or amount. Those fees show information about the related cost from the credit card usage.