SOLUTION: 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/.

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: 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/.      Log On


   



Question 117901: 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

Answer by misscrt(37) About Me  (Show Source):