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1. 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

1.

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.$40.26.

b.$41.96.

c.$40.76.

d.$38.28.

2.Who decides to grant or deny your credit application?

a.Credit bureau.

b.Federal Trade Commission.

c.Credit reporting agency.

d.Lender.

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