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Diano4ka-milaya [45]
3 years ago
14

Compound interest is different from simple interest because you earn money on previous ​ A. checking account B. spending C. inte

rest D. banking​
Mathematics
1 answer:
kirza4 [7]3 years ago
6 0
c. interest Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest
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At one gym, there is a $12 start-up fee, and after that each month, m, at the gym costs $20. At another gym, each month at the g
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Answer: it will take 6 months for both gyms to cost the same.

Step-by-step explanation:

Let m represent the number of months that it will take for the cost of both gyms be the same.

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At another gym, each month at the gym costs $22. This means that the total cost for m months is 22m

For both costs to be the same, the number of months would be

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22m - 20m = 12

2m = 12

m = 12/2 = 6

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