Question

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

Answer 1

The answer is option A: The higher the interest rate, the more money you will be paying back.

Step-by-step explanation:

I took this exam and got an 100

Answer 2

It's important to know because the higher the interest rate, the more money you will be paying back.