Answer:Initiation fee is $400 while monthly fee is $10
Step-by-step explanation:
Let the initial fee be x which is fixed while the monthly fee be y
At the end of 5 months, 450 was paid
This means that;
x + 5y = 450 ••••••••(i)
At the end of 10 months, $500 was paid
Mathematically, this means that;
x + 10y = 500•••••••••••(ii)
now we solve both equations simultaneously to get the value of x and y
our equation ii can be rewritten as;
x + 5y + 5y = 500
we can now insert equation i directly into this
450 + 5y = 500
5y = 500-450
5y = 50
y = 50/5
y = $10
From x + 5y = 450
let’s insert the calculated value of y
x + 5(10) = 450
x + 50 = 450
x = 450-50
x = $400