SOLUTION: 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 462013: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Answer by katealdridge(100) About Me  (Show Source):
You can put this solution on YOUR website!
Let x represent the amount of his paycheck. If he puts 12% into the IRA then you would multiply the amount of his paycheck, x, by .12.
.12x Since you are given the amount of the contribution to the IRA, you can set this value equal to .12x
.12x=72 Now solve for x, by dividing both sides of the equation by .12.
x=600 So his paycheck is $600.