12 Daniel has a blog about how garages buy and sell cars. The scatter diagram gives information about the amount garages pay for one type of car depending on its age. 20000 18000 16000 14000 12000 by garage 10000 (£) 8000 6000 Amount paid 4000 2000 0 xx X X X X 0 1 2 3 4 X Work out the cost of one monthly payment. X 6 Age of cars (years) 7 80 X 9 10 Daniel is going to use the scatter diagram to estimate the monthly payments for a car the garage is going to sell. Daniel knows garages sell cars for 34% more than they paid. The car is 5 years old and there are 24 equal monthly payments. T DO NOT WRITE IN THIS AREA (6) DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA

To estimate the monthly payments for a 5-year-old car that the garage is going to sell, we can use the information given in the scatter diagram and the fact that garages sell cars for 34% more than they paid. Here are the steps to calculate the cost of one monthly payment: 1. Find the amount the garage paid for a 5-year-old car: Looking at the scatter diagram, locate the point on the x-axis representing an age of 5 years. Then, find the corresponding point on the y-axis to determine the amount the garage paid for this car. Let's say the amount is £12,000. 2. Calculate the selling price of the car: Since garages sell cars for 34% more than they paid, we need to add 34% of £12,000 to the original amount. To calculate this, multiply £12,000 by 0.34 to get £4,080. Add this amount to £12,000 to find the selling price, which is £16,080. 3. Calculate the monthly payment: Divide the selling price by the number of monthly payments. In this case, there are 24 equal monthly payments. Divide £16,080 by 24 to find the cost of one monthly payment. £16,080 ÷ 24 = £670 Therefore, the cost of one monthly payment for the 5-year-old car would be £670. Remember, this estimation is based on the given data and the assumption that garages sell cars for 34% more than they paid. It's important to note that this is an estimation, and actual prices may vary depending on factors such as market conditions and negotiation.

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