Answer:
Option C. $10,206
Step-by-step explanation:
A flight attendant makes per year = $35,000
He started contributing to 401(k) plan = 9% of 35,000
= [tex]\frac{9}{100}[/tex] × 35,000
= 0.09 × 35,000 = $3,150
His employer's contribution = 8% of 3,150
= 0.08 × 3,150 = $252.00
Total contribution to the 401(k) plan in one year = 3,150 + 252 = $3,402
Total contributed in 3 years = 3,402 × 3 = $10,206
$10,206 will have been contributed to the 401(k) plan after 3 years.
