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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?

User Nica
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1 Answer

3 votes

Answer:

$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.

User Dajo
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