Question

A gym membership is offered in January

for $29.00 per month. If you pay upfront for
the year, you are given a 20% discount on the
monthly cost. How much money do you save
after a year by paying upfront rather than
monthly?

Answer 1

Answer: You will save $69.60

Step-by-step explanation: If you pay upfront for the year, you will be charged $29.00 per month for 12 months, for a total of $29.00 * 12 = <<2912=348.00>>348.00.

With a 20% discount on the monthly cost, you will save 20/100 * $29.00 = <<20/10029=5.80>>5.80 per month.

Over the course of a year, you will save $5.80 * 12 = <<5.80*12=69.60>>69.60 by paying upfront rather than monthly.