what did you learn?\nquestion 7 of 10\nwhat is a reason to pay more than the minimum payment due on your…

what did you learn?\nquestion 7 of 10\nwhat is a reason to pay more than the minimum payment due on your credit statement each month?\nyour credit utilization rate stays the same.\nit takes more time to pay off a balance.\nyou save money on interest.\nit hurts your creditworthiness.

what did you learn?\nquestion 7 of 10\nwhat is a reason to pay more than the minimum payment due on your credit statement each month?\nyour credit utilization rate stays the same.\nit takes more time to pay off a balance.\nyou save money on interest.\nit hurts your creditworthiness.

Answer

Answer:

C. You save money on interest.

Brief Explanation:

Paying more than the minimum reduces the principal faster, thus lessening the interest accrued over time.