Question

Rachael’s employer matches 16% of Rachel’s contribution to her 401k plan. If racheals employer contributed $400 to the plan a year , how much did racheal contribute to the plan last year

Answer 1

If x is Rachael's contributions
400=16%x
2,500=x

Rachael contributed $2,500 to her 401k last year

Answer 2

$2500.

Explanation:

Let x be represent the amount contributed by Rachael's to her 401(k) plan.

We have been given that Rachael’s employer matches 16% of Rachel’s contribution to her 401(k) plan. Rachael's employer contributed $400 to the plan a year.

We need to find x such that 16% of x is $400.

`(16)/(100)*x=\$400`

`0.16*x=\$400`

`(0.16*x)/(0.16)=(\$400)/(0.16)`

`x=\$2500`

Therefore, Rachael contributed $2500 to the plan last year.