Question

there is an invitation fee to join the pine river country club, as well as monthly dues. the total cost after 7 months membership will be $3,125, and after 1.5 years, $4,060. Find both the intuition fee and monthly dues

Answer 1

1.5 year is also 17 months. so 4060-3125=935 which equals 10 months, then 935÷10=93.5 which gives us the monthly dues. Then 93.5×7=654.5 which gives us the total of monthly dues for 7 months without the intuition fee. Then 3125-654.5=2470.5 that gives us the intuition fee.