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Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement annuity. How much does his employer contribute annually?

Respuesta :

fussellk
729 x 0.055 = 40.10 per week.  There are 52 weeks in a year so.....40.10 x 52 = 2085.20 is what I got

Answer:

$2084.94 annually

Step-by-step explanation:

Ernie Wagearner makes per week = $729

His employer contributes to a retirement annuity = 5.5%

Contribution to a retirement annuity = 5.5% × 729

                                                            = [tex]\frac{5.5}{100}[/tex] × 729

                                                            = 0.055 × 729

His employer contributes weekly     = $40.095

There are 52 weeks in a year.

Therefore, His annually contribution = 40.095 × 52 = $2084.94

His employer contribute $2084.94 annually.

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