Question: Rita bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 more than the desktop. She paid for the computers

Rita bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 more than the desktop. She paid for the computers using two different financing plans. For the desktop the interest rate was 5% per year, and for the laptop it was 7% per year. The total finance charges for one year were $350. How much did each computer cost before finance charges?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Please help with this question Frank bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 less than the desktop. He paid for the computers using two different...

Jane bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 less than the desktop. She paid for the computers using two different financing plans. For the...

3.A theater group made appearances in two cities. The hotel charge before tax in the second city was $1000 lower than in the first. The tax in the first city was 6.5%, and the tax in the second city...

Charlie bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 less than the desktop. He paid for the computers using two different financing plans. For the...

= Solving a tax rate or interest rate problem using a system of.. Espar Ravi bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $400 less than the desktop. He...

Martina bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $250 more than the desktop. She paid for the computers using two different financing plans. For the...

Help me please Salma bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $300 more than the desktop. She paid for the computers using two different financing...

Espao Isabel 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...

Please solve Lashonda bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $400 more than the desktop. She paid for the computers using two different financing...

The following is a list of several terms. Complete each of the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all. Activity-based...

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers-the number of cruises and the number of passengers-that it...

When all authorized shares of a corporation's stock have the same rights and characteristi Multiple Choice Preferred stock. Common stock. Par value stock. Stated value stock. No - par value stock...

Types of Responsibility Centers Consider each of the following independent scenarios: Required: For each of the below independent scenarios, indicate the type of responsibility center involved (cost,...