Answer:
a) The cost of buying this car is of £6200.
b) The monthly payment is of £450.
Explanation:
The cost of buying a car is given by:
cost = 12 X monthly payment + deposit
a) Find the cost of a car when the monthly payment is £350 and the deposit is £2000.
So
cost = 12*350 + 2000 = 4200 + 2000 = 6200
The cost of buying this car is of £6200.
b) The cost of another car is £8000. Find the monthly payment when the deposit is £2600.
Again, the formula is applied. So
cost = 12 X monthly payment + deposit
8000 = 12x + 2600
12x = 5400
x = 5400/12
x = 450
The monthly payment is of £450.