Question

Jacklyn's employer matches 30% of Jacklyn's contributions to her 401(k) plan if her employer contributed $300 to the plan last year, how much did Jacklyn contribute to the plan last year?

A) $1300
B) $1000
C) $700
D) $900

Answer 1

B because 30% of 1000 is 300

Answer 2

Option B) $1000 would be correct.

Explanation:

Jacklyn's employer matches 30% of Jacklyn's contributions to her 401(k) plan.

Let Jacklyn's contribution = x

Her employer's contribution = 30% of x = 300

=
`(30x)/(100)` = 300

= 30x = 300 × 100

= x = 30000 ÷ 30 = $1000

Jacklyn contributed $1000 to the 401(k) plan last year.