Q:

Consumer math help1. When you pay a bill in full, you area. paying it offb. defaultingc. maximizing profitd. zeroing2. APR stands fora. annual partialb. amortized percentage ratec. annual percentage rated. amortized partial rate3. when calculating interest accrued, you shoulda. multiply the principal by APRb. multiply the principal by the APR and number of monthsc. multiply the principal by the APR and number of months, then divide by the total number of the months in the yeard. multiply the principal by the APR and the number of months in the year, then divide by the,

Accepted Solution

A:
1. When you are paying a bill in full, said bill is completely paid off. In other words, the bill amount has been fulfilled by the consumer in a sort of payment. The answer is a. consumer is paying it off. 2. APR is a rate that is used frequently when applying and using a credit card. It stands for c. annual percentage rate or the percentage that will be charged when a credit card is not paid in full by the due date each month. 3. When calculating interest accrued you should multiply the principal by the APR & number of months, then divide the number of months in a year (12). This will be the interest that the consumer has gained and must pay off to the lender.