Question

Alison is saving for retirement. Her company matches what she puts into her 401K in a ratio of 2:3. If she puts in $400 each month, how much in total is put into her 401k each month?

A) $200
B) $800
C) $600
D) $1,000

Answer 1

id say B...............

Answer 2

D) $1000

Explanation:

Her company is using a ratio of 2:3 of what she is putting into her account. That means that for every two dollars that she puts into her 401K , the put in three dollars.

Therefore, if she puts away $400 each month:

2 : 3

400 : 600

Her company will pay $600 into her 401K.

That gives her a total of:

400 + 600 = $1000