alexyvalerio14 alexyvalerio14

16-03-2020
Mathematics

contestada

will your balance increase on your credit card from month to month if you have a balance, but no new charges?why?

Respuesta :

marcthemathtutor marcthemathtutor

16-03-2020

Answer:

yes (if no payments are made)

Step-by-step explanation:

If you have no new charges and you make no payments, you will incur interest costs every month.

Hence yes, you balance will increase by amount of interest owed.

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