Question

What is interest? How does interest affect credit card purchases?

Answer 1

help! I need somebody! help! not just anybody! hellllllppp

Answer 2

Well, basically, interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds. http://en.wikipedia.org/wiki/Interest

Answer 3

thanks! haha

Answer 4

Your welcome