The formula for the cost of buying a car is:
cost = 12 x monthly payment + deposit
a) Find the cost of a car when the monthly payment is £350 and the deposit is £2,000
b) The cost of another car is £8,000. Find the monthly payment when the deposit is £2,600.
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Answer:
a) cost = £6200
b) monthly payment = £450
Step-by-step explanation:
a) cost = 12×(350)+2000
= £6200
b) 8000 = 12×(monthly payment) + 2600
8000-2600=12×(monthly payment)
monthly payment = 5400/12=450
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