Question

DONT ANSWER IF YOU DONT KNOW

A gym membership is offered in January for $39.00 per month. If you pay upfront for the year, you are given a 25% discount on the monthly cost. How much money do you save after a year by paying upfront rather than monthly?

Answer 1

Answer: $351

Explanation:

We need to setup two equations:

If you're taking the monthly cost: y = 468x, where x is the number of months.

If you're paying upfront: y = 12(0.25(39))x = 117x, where x is the number of years

So in one year, you will save (468-117) = $351 by paying upfront.