Answer:
- Family 1: $1.850
- Family 2: $1.350
Step-by-step explanation:
We know that the total monthly payment is 3200, so if we call Pa (family A`s payment) and Pb (Family B's payment) the payments:
- Pa+Pb=3200
- also, Pa = Pb+500
So if we replace Pa in the first ecuation:
- Pb+500+Pb=3200
- 2Pb= 3200-500
- Pb=2700/2= $1.350
then Pa+Pb=3200 => Pa= 3200-1350= $1.850
Good Luck!
F(x) = 300(1-.06)^5
f(x) = 300(.7339040224...)
f(x) = 220.17120672
After 5 years, the club should still have 220 members.