SOLUTION: Amanda's company matches whatever Amanda deposits into her retirement account every month up to 5% percent of her monthly pay. If Amanda contributes 10% of her salary of $2,600.00

Question 1115067: Amanda's company matches whatever Amanda deposits into her retirement account every month up to 5% percent of her monthly pay. If Amanda contributes 10% of her salary of $2,600.00 every month, which of the following equations shows the total amount of monthly deposits, R, as a function of time, T, in months?
A) R= 520T
B) R= 648T
C) R= 390T
D) R= 288T

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Amanda's company matches whatever Amanda deposits into her retirement account every month up to 5% percent of her monthly pay. If Amanda contributes 10% of her salary of $2,600.00 every month, which of the following equations shows the total amount of monthly deposits, R, as a function of time, T, in months?
start 2600
5% of 2600 = $130
+ her 10% = 260
+ company contribution = $260+130 = $390
A) R= 520T
B) R= 648T
C) R= 390T
D) R= 288T
-----
Ans: C
----
Cheers,
Stan H.
----------
RELATED QUESTIONS
For every basket Amanda makes in the basketball game, her grandparents give her $2. How... (answered by Boreal)

Draw a diagram for the problem and solve. Amanda makes 8 sandwiches. She cuts 4 of the... (answered by ramkikk66)

Eliza started her savings account with $100. Each month she deposits $25 into her... (answered by mathsolverplus)

When Amanda was born, her mother was 27 years old. Amanda is now one quarter of her... (answered by josgarithmetic)

Andrea, a self-employed individual, wishes to accumulate a retirement fund of $200,000.... (answered by MathLover1)

Andrea, a self-employed individual, wishes to accumulate a retirement fund of $200,000.... (answered by ikleyn)

Amanda invests $5400 in a new savings account which earns 5.8% annual interest,... (answered by addingup)

Amanda is 4 years older than her brother ben. The ages add up to 24. How old will Ben be... (answered by ewatrrr)

nikki deposits $200 at the end of every month in an account that pays 3.5%/a compounded... (answered by mathmate)