Question

The formula for the cost of buying a car is: cost = 18 * monthly payment + deposit. The cost of another car is £7,500. Find the monthly pay when the deposit is £3,000.

Answer 1

To find the monthly payment when the deposit is £3,000 for a car that costs £7,500, you can use the given formula cost = 18 * monthly payment + deposit. By substituting the given values into the formula and solving for the monthly payment, you can find that it is £250.

Step-by-step explanation:

To find the monthly payment when the deposit is £3,000 for a car that costs £7,500, we can use the given formula: cost = 18 * monthly payment + deposit.

First, let's substitute the given values into the formula: £7,500 = 18 * monthly payment + £3,000.

Next, solve for the monthly payment. Here's the step-by-step calculation:

1. Subtract £3,000 from both sides of the equation: £7,500 - £3,000 = 18 * monthly payment.
2. Simplify the left side of the equation: £4,500 = 18 * monthly payment.
3. Divide both sides of the equation by 18: £4,500/18 = monthly payment.
4. Calculate the monthly payment: monthly payment = £250.

Therefore, the monthly payment when the deposit is £3,000 for a car that costs £7,500 is £250.