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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?

Respuesta :

kingdonald1
125 times 12=1500 Match 14% is 210 Add the two 1710
charstar
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 :)

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