An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 5300 dollars. If she earns a total of 98700 dollars per year, what is her monthly salary in dollars?
(98,700 - 5,300) / 12 = ?
To find the monthly salary of the executive, we can start by subtracting the Christmas bonus from her total annual earnings.
Let's assume the monthly salary is denoted by 'x' dollars.
The Christmas bonus is a one-time payment of 5300 dollars.
The executive earns a total of 98700 dollars per year, which can be expressed as 12 times her monthly salary, plus the Christmas bonus:
12 * x + 5300 = 98700
Now, let's solve for x, the monthly salary of the executive.
First, subtract 5300 from both sides of the equation to isolate the term with the monthly salary:
12 * x = 98700 - 5300
12 * x = 93400
Next, divide both sides of the equation by 12:
x = 93400 / 12
x ≈ 7783.33
Therefore, the executive's monthly salary is approximately 7783.33 dollars.