Question

B) the cost of another car is 8000. Find the monthly payment when the deposit is 2600

Answer 1

£8000 = 12 × Monthly Payment + £2600
£8000 - £2600 = 12×MP
£5400 = 12×MP
£5400 ÷ 12 = MP
£450 = MP

Answer 2

The monthly payment would be £450.

Explanation:

Given formula for the cost of buying a car,

Cost = 12 × monthly payment + deposit,

Here,

Cost of the car = £ 8000,

Deposit = £ 2600,

By substituting the values,

8000 = 12 × monthly payment + 2600

⇒ 12 × monthly payment = 8000 - 2600

⇒ 12 × monthly payment = 5400

⇒ Monthly payment =
`(5400)/(12)` = £450