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Rachael’s employer matches 16% of Rachel’s contribution to her 401k plan. If racheals employer cont...
4 months ago
Q:
Rachael’s employer matches 16% of Rachel’s contribution to her 401k plan. If racheals employer contributed $400 to the plan a year , how much did racheal contribute to the plan last year
Accepted Solution
A:
If x is Rachael's contributions
400=16%x
2,500=x
Rachael contributed $2,500 to her 401k last year