max used his credit card to buy a new video g...
max used his credit card to buy a new video game. the game cost $48, and his card has an interest rate of 20%. which statement is true? max will pay interest on his purchase. max will not pay any interest on his purchase. max will only pay interest on his purchase if he carries a monthly balance.
Answer
# Brief Explanations:
Credit - card interest is typically not charged if the balance is paid in full by the due date each month. If a monthly balance is carried forward, interest is applied on the remaining balance.
# Answer:
Max will only pay interest on his purchase if he carries a monthly balance.