Question

7. In 2015 a club has 250 members who each
pay
$95 annual subscription.
In 2016 the membership increases by 4% and the annual subscription is
increased by 6%. What is the total income from subscriptions in 2016?
​

Answer 1

2015:

250 members

$95 annual subscription

2016

250 members + 4%

$95 annual subscription + 6%

Work:

250 x 1.04 = 260

95 x 1.06 =  100.7

260 x 100.7 = 26,182

Thus, the club makes $26,182 from 260 members who pay a subscription of $100.7