Jose bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $250 less than the desktop. He paid for the computers using two different financing plans. For he 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?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Jose bought a desktop computer and a laptop
computer. Before finance charges, the laptop cost
$250 less than the desktop. He paid for the
computers using two different 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?
Transcribed Image Text:Jose bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $250 less than the desktop. He paid for the computers using two different 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?
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