In the middle of a yearly subscription, the rate of internet subscription was reduced by 5% per month, If a subscriber paid an annual internet subscriptionof Php 100.00. How much is the total amount to be refunded to the subscriber? How much is the monthly refund? HELP. it's confusing me

Question

In the middle of a yearly subscription, the rate of internet subscription was reduced by 5% per month, If a subscriber paid an annual internet subscriptionof Php 100.00. How much is the total amount to be refunded to the subscriber? How much is the monthly refund?  HELP. it's confusing me

anonymous · Answer

So if we pay an annual fee of 100, this means we pay $100 in one year. There are 12 months in a year, so how much is the monthly fee?

Afterwords, we can do 0.05 * Monthly Fee to find out how much less the subscription fee will be.

We can do Monthly fee - (0.05 * Monthly Fee) to get the actual new monthly fee.