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Last year Preston contributed $125 toward his 401(k) account each month. If his employer matched 14% of his contributions, what was the total amount contributed to the 401(k) at…
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Last year Preston contributed $125 toward his 401(k) account each month. If his employer matched 14% of his contributions, what was the total amount contributed to the 401(k) at…
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Jul 3, 2017
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Last year Preston contributed $125 toward his 401(k) account each month. If his employer matched 14% of his contributions, what was the total amount contributed to the 401(k) at the end of the year?
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125x1.14=142.5
142.5x12=1710
The reason I put 1.14 is because it is the percentage of Preston's contributions that go into the account as a decimal.
Hope this helps :)
Takteek
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Jul 4, 2017
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125 times 12=1500 Match 14% is 210 Add the two 1710
Emmanuel Ferran
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Jul 9, 2017
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