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24 July, 23:29

The cost of a parking permit consists of a one-time administration fee plus a monthly fee. a permit purchased for 12 months costs $660. a permit purchased for 15 months costs $810. what is the administration fee?

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  1. 24 July, 23:38
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    The general equation that may be used to determine the total cost of the parking permit,

    P = A + mt

    where P is the total cost, A is the administration fee, m is the monthly fee and t is the number of months. Substituting the known values to the equation,

    (1) 660 = A + 12m

    (2) 810 = A + 15 m

    Solving for the solutions of the equation gives A = 60 and m = 50. Thus, the administration fee is $60.
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