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Dante bought a desktop computer and a laptop computer. Before finance charges, the laptop cost \( \$ 450 \) more than the fifferent financing plans. For the desktop the interest rate was \( 9 \% \) per year, and for the laptop it was \( 6 \% \) per year. The total finance charges for one year were \( \$ 300 \). How much did each computer cost before finance charges? Note that the ALEKS graphing calculator can be used to make computations easier.

Ask by Mathis Best. in the United States
Jan 24,2025

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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:** - \( D \) = Cost of the desktop before finance charges. - \( L \) = Cost of the laptop before finance charges. **Given:** 1. The laptop costs \$450 more than the desktop: \[ L = D + 450 \] 2. The interest rates: - Desktop: 9% per year - Laptop: 6% per year 3. Total finance charges for one year: \$300. **Finance Charges Calculation:** \[ \text{Finance Charges} = 0.09D + 0.06L = 300 \] **Substitute \( L = D + 450 \) into the finance charges equation:** \[ 0.09D + 0.06(D + 450) = 300 \] \[ 0.09D + 0.06D + 27 = 300 \] \[ 0.15D + 27 = 300 \] \[ 0.15D = 273 \] \[ D = \frac{273}{0.15} = 1820 \] **Now, find \( L \):** \[ L = 1820 + 450 = 2270 \] **Verification:** - Desktop finance charge: \( 0.09 \times 1820 = 163.80 \) - Laptop finance charge: \( 0.06 \times 2270 = 136.20 \) - Total finance charges: \( 163.80 + 136.20 = 300 \) (matches the given total) **Answer:** - **Desktop Cost:** \$1,820 - **Laptop Cost:** \$2,270

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Mind Expander

Let’s denote the cost of the desktop computer as \( D \) and the cost of the laptop computer as \( L \). According to the problem, we know: 1. \( L = D + 450 \) 2. The finance charges can be expressed as \( 0.09D + 0.06L = 300 \) To solve this, we can substitute the expression for \( L \) from the first equation into the second equation. Thus: \[ 0.09D + 0.06(D + 450) = 300 \] This simplifies to: \[ 0.09D + 0.06D + 27 = 300 \] \[ 0.15D + 27 = 300 \] Subtracting 27 from both sides: \[ 0.15D = 273 \] Now, divide by 0.15: \[ D = \frac{273}{0.15} = 1820 \] Now that we have the cost of the desktop, we can find the cost of the laptop: \[ L = D + 450 = 1820 + 450 = 2270 \] So, the final answer is that the desktop computer costs \( \$1820 \) and the laptop computer costs \( \$2270 \).

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