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

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

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 =

`(1)/(12) of\ \$84,000.`

`=(1)/(12) * 84000`

`=(84000)/(12)`

`=\$7000.`

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