justinlscott822 justinlscott822

09-01-2023
Mathematics

Answered

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 cost $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
Part A
If her Finance charge will be $51, write and solve an equation to determine her current balance on her credit card. Show work

Part B
How much in finance charges can she save by making the purchase on the last day of the billing cycle versus the first day of the billing cycle? Explain how you determined your answer

Answer :

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