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Alicia has 7.5 ​% of her earnings deposited into her retirement plan. If ​$330 per month is deposited in the​ plan, find her monthly and yearly earnings. Her monthly earnings are ​$nothing . ​(Round to the nearest cent as​ needed.) Her yearly earnings are ​$nothing . ​(Round to the nearest cent as​ needed.)

Respuesta :

Answer: Her monthly earnings are $4,400 and her yearly earnings are $52,800.

Explanation:

Hi, to solve this problem you have to calculate the monthly earnings (x) first.

So:

0.075×X =330

           X= 330 ÷ 0.075= 4400

With this result,you already have the monthly earnings ($4400) of Alicia.

To obtain her yearly earnings, you simply multiply the monthly earnings by 12.

yearly earnings= $4,400 × 12 =$52,800

In conclusion:

  • Her monthly earnings are $4,400
  • Her yearly earnings are $52,800.

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