Question

Robin has 15% of his gross pay directly into his mutual fund account each month. if $630 is depisited each month. what is his gross pay?

Answer 1

Robin's gross pay=$50,400

Explanation:

We are given that Robin has 15% of his gross pay directly into his mutual fund account each month.

If Robin deposited each month =$630

We have to find the gross pay

Let Robin's gross pay =x

15 % of gross pay= 15% of x=
`(15)/(100)* x=(15)/(100)x`

We know that 12 month in a year

`(15)/(100)x=630* 12`

`15x=630* 100* 12`

Using multiplication property of equality

`x=(756000)/(15)`

Using division property of equality

`x=50400`

Hence, Robin's gross pay=$50,400