Question

The answer to the problem

Answer 1

She puts 8% of her salary in, so multiply her pay by 8% to get her yearly amount she saves:

45000 x 0.08 = $3,600 per year.

The company puts 6% of that in the account:

3600 x 0.06 = $216

So per year 3600 + 216 = $3,816 is saved.

3,816 x 2 = $7,632 is the 2 year total.

The answer is A.