Here are the essential concepts you must grasp in order to answer the question correctly.
Linear Equations
Linear equations represent relationships between variables in the form of 'y = mx + b', where 'm' is the slope and 'b' is the y-intercept. In this scenario, we can model the total cost of each gym as a linear equation, allowing us to find the point where both costs are equal by setting the equations equal to each other.
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Cost Function
A cost function describes how the total cost changes with respect to the number of months. For the first gym, the cost function is C1 = 40 + 25m, and for the second gym, it is C2 = 15 + 30m. Understanding these functions is crucial to determine the number of months at which the total costs are equal.
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Solving for Variables
Solving for variables involves finding the value of a variable that satisfies an equation. In this case, we need to solve for 'm', the number of months, by equating the two cost functions and isolating 'm' to find when the total costs of both gyms are the same.
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