in 2010 a club has 250 members who each pay 95$ annual subscription . in 2011 the membership increases by 4% and the annual subscription is increased by 6%. what is the total income from subscriptions 2011?

Question

anonymous · Answer

increase in subscription fee - increased 6% and was $95:
95 x 1.06 = $100.70 new subscription fee
           ^(the new fee consists of: previous fee 1.0 + 0.06 increase)

previous memberships - 250. increase in memberships: 4%
250 x 1.04 = 260 members in the new year.

total income with increases:
260 x $100.70 = $26,182.00

anonymous · Answer

i got 260 and 100.7 , bt why did u multiply i know they asked for the total income but should'nt we add them (260+100.7) ?

anonymous · Answer

each member of the club pays the $100.7 fee. the more members the club has, the more annual membership fee they get. if there is just five people, they pay $100.7 each to be a member of the club. the club can only buy stuff for $500 then. if the club has hundred members, and each pay the fee, then the club can buy for $10000 and can buy a boat, that they share.