Aflight attendant makes $35,000 per year and has just begun contributing 9% of his salary to his 401(k) plan. if his employer matches 8% of his contributions, how much will have been contributed to the 401(k) plan after 3 years?

a. $3402
b. $9450
c. $10,206
d. $3150

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

                                                              = × 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.

none.

step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

tap for more

m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0