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Translate the following verbal statement into an algebraic equation and then solve:

Dion saves 12% of his paycheck every month. Last month he saved $297.6. How much was his paycheck? Use `p` for your variable.

Equation `\ \ `

`p=\ `

Box 1: Enter your answer as an equation. Example: y=3x^2+1, 2+x+y=3

Be sure your variables match those in the question

`p*0.12 = 297.6`

Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity

2480