If prices increase at a monthly rate of 3.4%, by what percentage do they increase in a year?
1 answer:
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Same case as Pablo's, more or less.
a = price for the desktop
b = price for the laptop
we know the laptop is 150 bucks more than the desktop, b = a + 150.
how much is 7% of a? (7/100) * a, 0.07a.
how much is 9.5% of b? (9.5/100) * b, 0.095b.
total interests for the financing add up to 303, 0.07a + 0.095b = 303.
how much was it for the laptop? well b = a + 150.
a = price for the desktop
b = price for the laptop
we know the laptop is 150 bucks more than the desktop, b = a + 150.
how much is 7% of a? (7/100) * a, 0.07a.
how much is 9.5% of b? (9.5/100) * b, 0.095b.
total interests for the financing add up to 303, 0.07a + 0.095b = 303.
how much was it for the laptop? well b = a + 150.
Answer:
Step-by-step explanation:
We have been given the equation:
And
Second equation can be rewritten as:
We will solve the equations:
(1)
(2)
Multiply equation (1) by 5 and equation (2) by 3 we get:
(3)
(4)
Now, subtract (4) from (3) we get:
Now substitute in equation (1) we get: