## Related questions with answers

Question

Determine whether each statement makes sense or does not make sense, and explain your reasoning. The balance due on my credit card from last month to this month increased even though I made no new purchases.

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 3We need to determine whether it's possible that your credit card balance increases when you make no new purchases.

Even though you don't make new purchases, you will be charged additional interest on your outstanding balance and this will increase your balance.

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