Jamal joined his local gym. A yearly membership costs $624, including a $66 registration fee and 12 equal monthly payments. What is the monthly payment amount?

Answer 1

To find the monthly payment amount for Jamal's gym membership, we first need to determine the total cost of the yearly membership that is not the registration fee.

1. Subtract the registration fee from the total cost of the yearly membership: \[ \text{Total yearly membership cost} = $624 \] \[ \text{Registration fee} = $66 \] \[ \text{Cost excluding registration fee} = 624 - 66 = 558 \]

2. Since this amount (558) is to be paid in 12 equal monthly payments, we divide this amount by 12: \[ \text{Monthly payment} = \frac{558}{12} \]

3. Performing the division: \[ \frac{558}{12} = 46.5 \]

Thus, the monthly payment amount is $46.50.