Gilbert's employer matches 12% of Gilbert's contributions to his 401(k) plan. If Gilbert's employer contributed $600 to the plan
last year, how much did Gilbert contribute to the plan last year?
A. $7200
B. $4400
C. $5600
D. $5000
2 answers:
12% of Gilbert's contribution is 600
0.12x = 600
x = 600/0.12
x = 5000 <==
Answer:
D. $5000
Step-by-step explanation:
Let "x" be the Gilbert contribution.
Gilbert's employer contribution is 12% which is $600.
12% of x = 600
12/100 * x = 600
0.12*x = 600
Dividing both sides by 0.12, we get
x = 600/0.12
x = $5000
Answer: D. $5000
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