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?

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 = [tex]\frac{308}{11} = $28[/tex] dollars

Hope this helps :)

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?​

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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?