The formula for the cost of buying a car is:
cost = 12 x monthly payment + deposit
the cost of another car is £8000
find the monthly payment when the deposit is £2600
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Answer:
£ 450
Step-by-step explanation:
cost = 12 x monthly payment + deposit
∴ 8000 = 12 x monthly payment + 2600
12 x monthly payment = 8000 - 2600 = 5400
∴ monthly payment = 5400 ÷ 12 = £ 450
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