Question

Last year, Gilbert contributed $75 toward his 401(k) account each month. If his employer matched 16% of his contributions, what was the total amount contributed to the 401(k) at the end of the year?

Answer 1

Find 16% of $75. Then add that to $75. Then multiply the sum by 12.

Answer 2

divide 16% by 75?

Answer 3

@mathstudent55

Answer 4

16% of 75 = 16% * 75 = 0.16 * 75

Answer 5

of = multiply.
multiply 75 by .16

Answer 6

Yes. 75*0.16. That's the amount Gilbert's employer contributes. Gilbert contributes $75. Then add $75*0.16 to $75 to get the total amount that is contributed each month to Gilbert's 401(k). Then multiply that sum by 12 to get the annual amount.

Answer 7

for some odd reason I keep getting 12. when I did .16 * 75. 12 is not part of the answer choices!

Answer 8

You need to do a few more steps. 12 is a correct step in this problem. Read my responses above. I already wrote twice what you need to do once you calculate 0.16 * 75 = 12.

Answer 9

@mathstudent55 I did what you said & I got 156..its not part of the choices

Answer 10

You got 12 as the 16% of 75.
That is good.
That is how much the employer contributes each month

How much does Gilbert contribute each month?

Answer 11

ohhhhh...I over read the question a bit lol. I didn't realize that there was two (the employees & gilbert. but okay hold on !

Answer 12

I got $1044!

Answer 13

That's what I got.
Good job!

Answer 14

thank you!

Answer 15

you're welcome