Based on the information in paragraphs 7-9 which statement is true about interest rates? Select one answer. Lower interest rates mean less money paid back. B Higher interest rates mean a longer time to pay back the loan. More time to pay back the loan means interest rates fall. D Less time to pay back the loan means interest rates rise.

The question is asking us to identify the true statement about interest rates based on the information provided in paragraphs 7-9. Since we do not have access to the specific content of these paragraphs, we must rely on general knowledge about interest rates.<br /><br />Interest rates are the cost of borrowing money, typically expressed as a percentage of the loan amount. They can be influenced by various factors, including the time to pay back the loan and the amount of money being borrowed.<br /><br />Option A suggests that lower interest rates mean less money paid back. This is generally true because the lower the interest rate, the less the borrower will pay over time for the loan.<br /><br />Option B suggests that higher interest rates mean a longer time to pay back the loan. This is not necessarily true, as the time to pay back a loan is determined by the terms of the loan, not the interest rate.<br /><br />Option C suggests that more time to pay back the loan means interest rates fall. This is not necessarily true, as the interest rate is determined by the lender and can be influenced by various factors, not just the time to pay back the loan.<br /><br />Option D suggests that less time to pay back the loan means interest rates rise. This is not necessarily true, as the interest rate is determined by the lender and can be influenced by various factors, not just the time to pay back the loan.<br /><br />Based on general knowledge, the most accurate statement is Option A, which states that lower interest rates mean less money paid back. This is because the lower the interest rate, the less the borrower will pay over time for the loan.