Question

A one-year membership to the gym costs $362. When signing up, members pay $54 for the first month, then the remaining part is made in equal payments for the remaining months of the membership. How much can a member expect to pay each month after their initial month?​

Answer 1

A member is expected to pay $28 per month after the initial month

Step-by-step explanation:

We are given that:

The total cost per year (12 months) is $362

The member is required to pay $54 during the first month

This means that:

Remaining cost = Total cost - Payment made the first month

Remaining cost = 362 - 54 =$308

We know that the member will pay this remaining cost in a duration of 11 months (we exclude the first month of the year since he already paid $54 in it)

We also know that payments in each of these 11 months will be equal

This means that:

Payment per month =
`(308)/(11) = $28` dollars

Hope this helps :)