Question

An investment broker puts 1/12 of his paycheck into a retirement account every quarter? How much of his $84,000 salary is put into this account each quarter?

Answer 1

Answer:

$7000 of his salary is put into this account each quarter.

Step-by-step explanation:

Given:

An investment broker puts 1/12 of his paycheck into a retirement account every quarter.

His salary is $84,000.

Now, to find how much is put into this account each quarter.

As given salary = $84,000.

So, amount to put into this account every quarter =

$\frac{1}{12} of\ \ 84,000.$

$=\frac{1}{12} \times 84000$

$=\frac{84000}{12}$

$=\ 7000.$

Therefore, $7000 of his salary is put into this account each quarter.