Respuesta :
Alvina contributed $1020 that year. 20% of $1020 is $204. 1020+204=1224. The answer is $1224.
Answer:
$1224.
Step-by-step explanation:
We have been given that last year Alvina contributed $85 per month towards her 401(k) account.
Let us find Alvina's total contributions in last year by multiplying $85 by 12.
[tex]\text{Alvina's total contributions}=\$85\times 12[/tex]
[tex]\text{Alvina's total contributions}=\$1020[/tex]
Now, we will find 20% of $1020 to figure out Alvina's employer's contributions last yer.
[tex]\text{Alvina's employer's total contributions}=\$1020\times \frac{20}{100}[/tex]
[tex]\text{Alvina's employer's total contributions}=\$1020\times 0.20[/tex]
[tex]\text{Alvina's employer's total contributions}=\$204[/tex]
[tex]\text{Total amount contributed}=\$1020+\$204[/tex]
[tex]\text{Total amount contributed}=\$1224[/tex]
Therefore, an amount of $1224 was contributed to the 401(k) at the end of the year.
