Last year Elissa contributed $105 per month toward her 401(k) account. If her employer matched 15% of her contributions, what was the total amount contributed to the 401(k) at the end of the year?

Question

anonymous · Answer

A. 	$1575
  		B. 	$1162
  		C. 	$1442
  		D. 	$1449

anonymous · Answer

amount she contributed = 105 * 12 = 1260

her employers contributions per month = 15/100 * 105 = 15.75

amount employer contributed for the whole year = 15.75* 12 = 189

total = 1260 + 189 = 1449 (D)