
Doug C. answered 11/01/22
Math Tutor with Reputation to make difficult concepts understandable
Let L = cost of laptop, D = cost of desktop
L = D - 250 (cost of laptop IS 250 less than cost of desktop)
.07 D represents interest paid on desktop
.08L represents interest paid on laptop
.07D + .08L = 325 (total interest/ finance charges IS 325.
If you do not like working with decimals (like I do not), multiply each term of the previous equation by 100.
7D + 8L = 32500
Since L = D - 250 substitute for L in the previous equation.
7D + 8(D - 250) = 32500
7D +8D - 2000 = 32500
15D = 34500
D = 34500/15 = 2300
L = 2050
Check:
.07(2300) = $161
.08(2050) = $164
Total finance charge: $325