Question
Dante bought a desktop computer and a laptop computer. Before finance charges, the laptop cost
more than the fifferent financing plans. For the desktop the interest rate was
per year, and for the laptop it was
per year. The total finance charges for one year
were
. How much did each computer cost before finance charges?
Note that the ALEKS graphing calculator can be used to make computations easier.
were
Note that the ALEKS graphing calculator can be used to make computations easier.
Ask by Mathis Best. in the United States
Jan 24,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The desktop costs $1,820 and the laptop costs $2,270 before finance charges.
Solution
Let’s solve the problem step-by-step.
Let:
-
= Cost of the desktop before finance charges. -
= Cost of the laptop before finance charges.
Given:
- The laptop costs $450 more than the desktop:
- The interest rates:
- Desktop: 9% per year
- Laptop: 6% per year
- Total finance charges for one year: $300.
Finance Charges Calculation:
Substitute
into the finance charges equation:
Now, find
:
Verification:
- Desktop finance charge:
- Laptop finance charge:
- Total finance charges:
(matches the given total)
Answer:
- Desktop Cost: $1,820
- Laptop Cost: $2,270
Answered by UpStudy AI and reviewed by a Professional Tutor
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Mind Expander
Let’s denote the cost of the desktop computer as
and the cost of the laptop computer as
. According to the problem, we know:
-
- The finance charges can be expressed as
To solve this, we can substitute the expression for
from the first equation into the second equation. Thus:
This simplifies to:
Subtracting 27 from both sides:
Now, divide by 0.15:
Now that we have the cost of the desktop, we can find the cost of the laptop:
So, the final answer is that the desktop computer costs
and the laptop computer costs
.