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    Exam 5: Checking Accounts, Credit Scores, and Credit Cards
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    It's June and Miles's Credit Card Has a Balance of $2,200
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It's June and Miles's Credit Card Has a Balance of $2,200

Question 52

Question 52

Multiple Choice

It's June and Miles's credit card has a balance of $2,200. The minimum payment due is $88. The APR is 21%. How much interest will he pay this month?


A) $38.28.
B) $40.26.
C) $40.76.
D) $41.96.

Correct Answer:

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