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morpeh
4 days ago
10

Rachael’s employer matches 16% of Rachel’s contribution to her 401k plan. If racheals employer contributed $400 to the plan a ye

ar , how much did racheal contribute to the plan last year
Mathematics
2 answers:
tester [11.9K]4 days ago
4 0
If x denotes Rachael's contributions
400=16%x
2,500=x

Rachael contributed $2,500 to her 401k last year
Inessa [12.1K]4 days ago
3 0

Response:

$2500.

Step-by-step clarification:

Let x denote the total contributed by Rachael to her 401(k) plan.

We know that Rachael’s employer matches 16% of her contribution to the plan. Last year, the employer contributed $400 to her account.

We need to determine x such that 16% of x equals $400.

\frac{16}{100}*x=\$400

0.16*x=\$400

\frac{0.16*x}{0.16}=\frac{\$400}{0.16}

x=\$2500

Thus, Rachael contributed $2500 to the plan for the previous year.

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