SOLUTION: Having trouble solving this work problem.
Melissa bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $400 less than the desktop. She paid for
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Question 852773: Having trouble solving this work problem.
Melissa bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $400 less than the desktop. She paid for the computers using two different financing plans. For the desktop the interest rate was 8.5% per year, and for the laptop it was 5% per year. The total finance charges for one year were $412 . How much did each computer cost before finance charges?
Found 2 solutions by josgarithmetic, josmiceli:
Answer by josgarithmetic(39618) (Show Source): You can put this solution on YOUR website!
d for price of desktop
n for price of laptop (notebook)
n=d-400
interest rate for d was 8.5%
interest rate for d-400 was 5%
total 1 year finance charges were 412.
, and remember, .
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
This is the way I read it:
Let = the cost of the desktop
= the cost of the laptop
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The cost of the desktop before finance charges is $3,200
The cost of the laptop before finance charges is $2,800
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