Total amount payable less its cash price is equal to -

Name: Total amount payable less its cash price is equal to -
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

The total amount payable less its cash price equals the interest. This is because the difference between what you end up paying over time (total amount payable) and the cash price (what you would pay if you paid in full upfront) is essentially the cost of borrowing money or financing, which is interest.

Total Amount Payable Less Its Cash Price Is Equal to -