Alison is saving for retirement. Her company matches what she puts into her 401K in a ratio of 2:3. If she puts in $400 each mon th, how much in total is put into her 401k each month?
2 answers:
Answer:
D) $1000
Step-by-step explanation:
Her company is using a ratio of 2:3 of what she is putting into her account. That means that for every two dollars that she puts into her 401K , the put in three dollars.
Therefore, if she puts away $400 each month:
2 : 3
400 : 600
Her company will pay $600 into her 401K.
That gives her a total of:
400 + 600 = $1000
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Answer:
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Step-by-step explanation:
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