
David W. answered 03/10/17
Tutor
4.7
(90)
Experienced Prof
Let x = price of the desktop computer
(x+300) = price of the laptop computer ["$300 more than the desktop"]
"The total of finance charges of one year were $398" means
one-year finance charge for desktop + one-year finance charge for laptop = $398
(6/100)x + (7/100)(x+300) = 398
Note: 6% may be written as 0.06 or (6/100) as needed by the problem.
The key point is that the problem gives the total interest charges for one year, the two interest rates, and the difference in the initial costs. So, we may calculate the initial costs.
The math:
(6/100)x + (7/100)(x+300) = 398
6x + 7(x+300) = 39800 [multiply both sides by 100 to get rid of fractions]
6x + 7x + 2100 = 39800 [distribute]
13x = 37700 [subtract 2100 from both sides]
x = 2900 [divide both sides by 13]
The desktop computer cost $2900.
The laptop computer cost $3200.
Check:
(6/100)2900 + (7/100)3200 = 398 ?
174 + 224 = 398 ?
398 = 398 ?yes