Answer:
That statements is false
Explanation:
When you borrow money, interest represent the additional amount that you need to give back to the creditor. For example let's say that you borrow $1,000 with 10% interest rate per year. After one year, you need to pay back the loan with additional $100 ($1,000 x 10%) for the creditor.
This means that when the interest rate is high, it will cost you more to borrow money.
