SOLUTION:
Paul has 15% of his gross pay directly deposited into a mutual fund account each month. If $630 is deposited each month, what is his monthly gross pay?
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Question 759202:
Paul has 15% of his gross pay directly deposited into a mutual fund account each month. If $630 is deposited each month, what is his monthly gross pay?
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
if 15% = $630
then 1% = $630/15
1% = $42
then 100% = $42 * 100
= $4200.
This is Paul's monthly gross pay.
Hope this helps.
:-)
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