If Heather puts in 1.36% of her salary into a retirement account and she makes $63,000 in a year, this can be solved by 1.36% x 63000. First convert 1.36% into a decimal. To do this, divide by 100.
1.36/100=0.0136
1.36% x 63000
=0.0136 x 63000
=856.8
Heather would put $856.8 in for the whole year. To find how much per month, divide by 12.
856.8/12=71.4
Rounded to the nearest dollar is $71.
Heather would put $71 into a retirement account each month.
Note: This was solved by multiply the percent and then dividing by 12 months. You could also do this by dividing by 12 months first and then multiplying the percent.
