Question

>If you miss a payment for a bill, how do you compute the interest due on the next bill?
A. Compute the interest due on the original principal, add that and any late fees to the original bill, then compute the interest based on the new principal.
B. Compute the interest based on the original bill.
C. Compute the interest based on the original bill plus the previous interest.
D. Compute the interest based on the original bill and late fees.

Answer 1

D