SOLUTION: Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?

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Question 25862: Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Found 3 solutions by stanbon, Shin123, MathTherapy:
Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
Let amount of his paycheck be "x".
The 12%(x)=72
0.12x=72
x=72/0.12
x=$600 (amount of his paycheck)
Cheers,
Stan H.
Answer by Shin123(626)   (Show Source): You can put this solution on YOUR website!
Assume x=paycheck.





Answer by MathTherapy(10551)   (Show Source): You can put this solution on YOUR website!
Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Correct answer: $600, calculated as follows:

, with P being the amount of his paycheck

.12P = 72 ------- Cross-multiplying

P, or paycheck = 

Answers other than this are WRONG, so IGNORE them. 

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