Roger used his debit card to buy a new sofa that cost $399. Which statement is true? Choices: (A)Roger will pay interest on his purchase. (B)Roger will not pay any interest on his purchase. (C)Roger will only pay interest on his purchase if he doesn't pay off his monthly balance.

Understand Transaction: Step 1: Understand the nature of the transaction. Roger used his debit card to buy a sofa. Using a debit card means the money is directly taken out from his bank account. Analyze Choices Given: Step 2: Analyze the choices given. (A) Roger will pay interest on his purchase - This is generally true for credit card purchases, not debit cards. (B) Roger will not pay any interest on his purchase - This aligns with how debit cards work; they do not accrue interest because the money is withdrawn directly from a checking account. (C) Roger will only pay interest on his purchase if he doesn't pay off his monthly balance - This statement applies to credit cards, not debit cards.

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Roger used his debit card to buy a new sofa that cost $\$399$ . Which statement is true? $\newline$ Choices: $\newline$ (A)Roger will pay interest on his purchase. $\newline$ (B)Roger will not pay any interest on his purchase. $\newline$ (C)Roger will only pay interest on his purchase if he doesn't pay off his monthly balance.

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Math Problems

Grade 6

Debit cards and credit cards

Full solution

Q. Roger used his debit card to buy a new sofa that cost

\$399

. Which statement is true?

\newline

Choices:

\newline

(A)Roger will pay interest on his purchase.

\newline

(B)Roger will not pay any interest on his purchase.

\newline

(C)Roger will only pay interest on his purchase if he doesn't pay off his monthly balance.

Understand Transaction: Step $1$ : Understand the nature of the transaction. $\newline$ Roger used his debit card to buy a sofa. Using a debit card means the money is directly taken out from his bank account.
Analyze Choices Given: Step $2$ : Analyze the choices given. $\newline$ (A) Roger will pay interest on his purchase - This is generally true for credit card purchases, not debit cards. $\newline$ (B) Roger will not pay any interest on his purchase - This aligns with how debit cards work; they do not accrue interest because the money is withdrawn directly from a checking account. $\newline$ (C) Roger will only pay interest on his purchase if he doesn't pay off his monthly balance - This statement applies to credit cards, not debit cards.