Maya went shopping. She charged most of her clothing purchases to a credit card. She also used her card to make several small online purchases over the next few months. She only ever makes the minimum payment. After six months, she is surprised by the total amount she still owes. What is the most likely cause?

She forgot about sales tax

She forgot about the interest rate

She made too many online purchases

She thought she had earned rewards

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Holly Tucker

29 July, 19:42

Maya went shopping. She charged most of her clothing purchases to a credit card. She also used her card to make several small online purchases over the next few months. She only ever makes the minimum payment. After six months, she is surprised by the total amount she still owes. What is the most likely cause?

She forgot about sales tax

She forgot about the interest rate

She made too many online purchases

She thought she had earned rewards

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Answers (1)

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Lindsay Downs · Answer 1

She forgot about the interest rate. When paying the minimum payment each month, there are still debts which are stilling being affected by interest. More debts = more total interest.