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Tejas used his credit card to buy a jacket that cost $100. At the end of the month, he still didn’t have the $100 to pay for the jacket, so he paid nothing. What is MOST likely to happen in thi scenario? A percentage of interest will be added to his $100. He will still owe exactly $100 on the next month’s bill. His $100 owed will become $200 owed on the next bill.

Respuesta :

Parrain

As a result of Tejas not paying the $100 he used from his credit card, A percentage of interest will be added to his $100.

Credit cards:

  • Are a form of debt
  • Incur interest on debt if balance is not paid off

When he used the $100 to pay for the jacket, it becomes a debt and the credit card company will charge interest on that debt.

In conclusion, a percentage interest will be added to his cash.

Find out more at https://brainly.com/question/3685635.

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