Social Science 6 to 12
Question 9 of 30
Competency 2—Knowledge of economics
DIRECTIONS: Read the question and select the best response.
A consumer uses a credit card that charges 10 percent annual interest to make a 1000 dollars purchase. What is the total cost of the purchase if the consumer pays 1 year from the date of purchase?
- Enter to expand or collapse answer.Answer expanded
- Correct Response: D.