Which of the following describes the relationship between your credit card balance each month and the amount of interest you are paying (not interest rate)?
A) A perfect negative correlation
B) A weak negative correlation
C) No correlation
D) A strong positive correlation

Question

Quizplus · Accepted Answer

There is a strong positive correlation between the credit card balance each month and the amount of interest paid. As the credit card balance increases, the amount of interest paid also increases. This is because interest is charged as a percentage of the balance, so the higher the balance, the more interest is charged.

Which of the Following Describes the Relationship Between Your Credit