The minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
<u>Step-by-step explanation:</u>
We have , Lonnie’s employer will match up to 5% of his salary in contributions to his 401(k). His starting salary with the company is $2,500 a month, and the company allows him to contribute up to 12% of his salary to his 401(k). According to the given scenario , Lonnie can contribute to matching at a maximum of 12% of his salary ($2500) :
⇒
⇒
⇒ $ And , a minimum of 5% of his salary ($2500):
⇒
⇒
⇒ $ .
In question we need to tell the minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
Four hundred three and six hundred eight thousandths.
Answer:
(a+b)² - 2ab
Step-by-step explanation:
it is a formula :)
Answer: shameeka sold 20 hamsters to the store.
Step-by-step explanation:
Let x represent the number of hamsters that shameeka sold to the store.
Let y represent the number of hamsters that the pet store had initially.
Shameeka sold her hamsters to a pet store. This doubled the number of hamsters in the store. It means that
x + y = 2y
x = 2y - y
x = y
Then the store got six more hamsters. If the pet store has 46 hamsters now, it means that
2y + 6 = 46
2y = 46 - 6
2y = 40
y = 40/2
y = 20
Since x = y, then
x = 20
The boys ate 1/4 more than the girl.