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.
----------
|
|
|
