Answer:
The monthly payment would be £450.
Step-by-step 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 = \(\frac{5400}{12}\) = £450
