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John bought two computers, one desktop and one laptop. Before finance charges, the laptop cost $500 more than?

Nov 07, 2010 by Gab17 | Posted in Mathematics

John bought two computers, one desktop and one laptop. Before finance charges, the laptop cost $500 more than the desktop. John paid for the computers using two different financing plans. For the desktop the interest rate was 3% per year, and for the

y=x-y+500

r=3+9.5% = 12.5%

766.25/12.5 = 6130 purchase price

x+y = 6130

x= $2815, y=$3315

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