Debt & Interest
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- Question 1 of 101. Question
Who sets the UK base rate of interest?
- Question 2 of 102. Question
What is APR?
- Question 3 of 103. Question
Are debt and interest the same cost?
- Question 4 of 104. Question
Will I ever have to pay interest if I have no debts?
- Question 5 of 105. Question
You have taken out a loan of £1000 at 5% APR. If you pay the 5% interest every month, how long will it be until the entire loan is paid off?
- Question 6 of 106. Question
You have borrowed £1000 @ 5% APR, and you pay off 50% off the loan…….will you pay more or less in interest on the remaining debt?
- Question 7 of 107. Question
If the UK base rate of interest is 5%, does that mean every loan I take on will be at 5% interest?
- Question 8 of 108. Question
If I clear all the debt on my credit card, will I still have to pay interest?
- Question 9 of 109. Question
Is it best to plan for debt that is sustainable, or just take on debt when you need to buy things you want?
- Question 10 of 1010. Question
If you have outstanding debts, will other banks still lend you more money?