96.2k views
0 votes
Rebecca has 2.5% of her earnings deposited into her retirement plan. if ​$330 per month is deposited in the​ plan, find her monthly and yearly earnings.

User Uri Agassi
by
7.5k points

1 Answer

0 votes

Final answer:

Rebecca's monthly earnings are $13,200 and her yearly earnings are $158,400.

Step-by-step explanation:

To find Rebecca's monthly earnings, we can set up a proportion. Let x be her monthly earnings.

We know that 2.5% of her earnings, which is 0.025x, is deposited into her retirement plan. And we also know that $330 is deposited in the plan. So we can set up the following equation:

0.025x = $330

To solve for x, we can divide both sides of the equation by 0.025:

x = $330 ÷ 0.025

x = $13,200

Therefore, Rebecca's monthly earnings are $13,200. To find her yearly earnings, we can multiply her monthly earnings by 12:

$13,200 × 12 = $158,400

Therefore, her yearly earnings are $158,400.

User Edralph
by
7.6k points