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: $69.6

Explanation:

Gym membership per month= $29.00

Since there are 12 months in a year,

Gym membership for a year= $29.00 × 12 = $348.00

Discount for the year= 20% of $348

= 20/100 × 348

= 0.2 × 348

= $69.6

For paying upfront, the person will save $69.6