Which of these scenarios describes the COST of credit? Question 9 options: paying more for an item than its original cost paying for a semester at college buying a safer vehicle

The correct answer is "C) paying more than its original".

The cost of credit is also known as the interest is generated for paying the borrowed amount of money in a given period of time.

Interest is the value of money in time. An interest rate is a rate at which the interest grows throughout time.

Once you end up paying the credit. You will have ended up paying the original amount you borrowed plus the interest.