Erica puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?

Let P = monthly pay

.12P =72

Divide both sides by .12

.12P/.12 = 72/.12

P = 600

Therefore, Erica's paycheck was $600.

Hope this helps,

misscrt

Let P = monthly pay

.12P =72

Divide both sides by .12

.12P/.12 = 72/.12

P = 600

Therefore, Erica's paycheck was $600.

Hope this helps,

misscrt

This question still have no answer summary yet.

This Question: "Erica puts 12% of his monthly paycheck in an IRA" No answers yet.

Did this answer your question? If not, ask a new question.

- Erica puts 12% of his monthly paycheck in an IRA
Erica puts 12% of his monthly paycheck in an IRA...

- Enrique puts 12% of his monthly paycheck in an IRA IF he invests $72 in his IRA, how much was his paycheck
Enrique puts 12% of his monthly paycheck in an IRA IF he invests $72 in his IRA,...

- Erica makes $4,840 monthly. what is the maximum monthly rent she can afford to pay?
Erica makes $4,840 monthly. what is the maximum monthly rent she can afford to p...

- a program that calculates and prints the bi-monthly paycheck for an employee.
a program that calculates and prints the bi-monthly paycheck for an employee....

- I Need to Write a program that calculates and outputs the monthly paycheck C++
I Need to Write a program that calculates and outputs the monthly paycheck C++...

- Java Programming Help calculate and print monthly paycheck
Java Programming Help calculate and print monthly paycheck...

- Write a program that calculates and outputs the monthly paycheck
Write a program that calculates and outputs the monthly paycheck...

- Jennifer puts 12.5% of the monthly rent from a rental property into an account f
Jennifer puts 12.5% of the monthly rent from a rental property into an account f...

- a loan of $8,000 is to be repaid with monthly payments for 3 years at 12% interest compounded monthly-what is the monthly payment
a loan of $8,000 is to be repaid with monthly payments for 3 years at 12% intere...

- the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortiz
the monthly payment that amortizes a loan of A dollars in t yr when the interes...