To join the Grand Rapids University Club there is an initiation fee, as well as a monthly dues. The total cost after 8 months’ membership will be $3100, and after 1.5 years, $3850. Find both the initiation fee and the monthly dues.
It looks like this:
3850 - 3100 =750 - monthly fees over a period of 10 months.
750 / 10 = $75 - monthly fee.
$75 x 8= $600 - monthly fees for the first 8 months.
$3100 - $600 =$2,500 - initiation fee.
