Please, please help?????

Question

Last year Javier contributed $225 toward his 401(k) account each month. If his employer matched 12% of his contributions, what was the total amount contributed to the 401(k) at the end of the yea

Answer 1

Dear Amanda,

 

Question:  What was the total amount contributed to the 401k at the end to the year?

 

 

Underline key words and numbers in the sentence.

 

 

1.  Javier gave $225/ month      However, we are talking about the whole year's amount, so multiply by 12.

 

$225 * 12=__$2700__This amount is Javier's contribution for the year only.

 

 

 

2.  When you have a percent, you usually change it to a fraction or a decimal.  12%= 12/100      12%=.12

 

Now, all you have to do is multiply .12 by Javier's contribution to get what the employer gave for the year.

 

.12 * $2700=_____________     or    12/100   *   2700=__________

 

 

3.      Javier's Contribution +  Employer's contribution=  Total contribution for the year.    Answer

 

 

I am going to let you get your answer now.  If I have helped you, please give me a thumb's up.

 

                                                               Susan C.