eileen has 2.5% of her earnings deposited into her retirement plan. If $ per month is deposited in the plan, find her monthly and yearly earnings.
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Part 1
Her monthly earnings are $
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To find her monthly earnings, we need to divide the monthly deposit by 2.5% to get the total amount.
Let's assume the monthly deposit is $x.
So, 2.5% of her earnings is equal to x.
2.5% can be written as 0.025 (since 2.5% = 2.5/100 = 0.025).
Therefore, 0.025 * Earnings = x
Earnings = x / 0.025
Hence, her monthly earnings are x / 0.025 dollars.