We can set up this equation using this formula:
a = p(1 + r/n)^nt
p = starting amount.
r = interest.
n = number of times it's compounded in a year
t = years
We'd set it up like this:
a = 50(1 + ?/1)^1(12)
Because we're missing the amount of interest, it would be impossible to tell what the amount would be after 12 years.
A relation is a function, if and only if, the x-value does not repeat.
Answer: Let us assume that the number of months after which
the gym memberships will cost the same = x
Then
15 + 10x = 40 + 4x
10x - 4x = 40 - 15
6x = 25
x = 25/6
= 4 1/6
So the membership fee of both the gyms will become same after 4 1/6 months. You can also consider that as after 5 months the membership fees of both the gyms will become same. I hope the procedure is not very complicated for you to understand.
Step-by-step explanation: Hope this helps!!
