Rebecca carries a balance on her credit card each month. Today is the first day of the new, 28-day billing cycle. The current balance is x and the APR is 24%. Rebecca is buying a friend an expensive gift that costs $1,400 that she plans to put on her credit card. This will be her only purchase this month, and she will be making this purchase on the last day of the month. If her finance charge will be $51, write and solve an equation to determine her current balance on her credit card.

Average date*Interest=Finance charge

Previous debt*2%´+1400*2%=51

Previous debt=1150

Step-by-step explanation:

X=Previus Debt

Debt= Previus debt + 1400

Finance Charge 51.

Debt=1400+1150= 2550

Average debt= Previus debt + 1400

Average date*Interest=Finance charge

Previous debt*2%´+1400*2%=51

Previous debt=1150

  InterestcapitalDebt Payment

1     51213       2,338264

2     47213        2,125259

3     43213         1,913255

4      38213        1,700251

5     34213        1,488247

6      30213        1,275242

7     26213        1,063238

8     21213          850234

9     17  213          638230

10     13         213          425225

11      9         213           213221

12      4          213               021