Question

cameron coached basketball at a youth camp last month. after he got paid, he used his credit card to buy a limited - edition basketball jersey that cost $130. his card has an interest rate of 21%. which statement is true? cameron will pay interest on his purchase. cameron will not pay any interest on his purchase. cameron will only pay interest on his purchase if he carries a monthly balance.

Explanation:

Para determinar la afirmación verdadera, se analiza el funcionamiento de las tarjetas de crédito: si se paga el saldo total mensual, no se genera interés; si se mantiene un saldo (no se paga todo), se aplica el interés sobre ese saldo. La tercera opción ("Cameron will only pay interest on his purchase if he carries a monthly balance") es correcta porque el interés se cobra cuando hay saldo pendiente (carry a balance). La primera es falsa (si paga el saldo, no paga interés), la segunda también (si no paga el saldo, sí paga interés).

Answer:

Cameron will only pay interest on his purchase if he carries a monthly balance.