Percentage is the amount or the part of a number in every hundred.The Lydia's company contribute the money to her 401 k is $2118.55. Thus the option A is the correct option.
Lydia’s salary is $60,530.
She makes 401 K contributions.
She saves 7% of her salary and her company will match 50% of her 7% contribution.
Percentage is the amount or the part of a number in every hundred
Let x is the 7 percent of her salary thus,
[tex]x=\dfrac{60530\times 7}{100}[/tex]
[tex]x=4237.1[/tex]
As her company will match 50% of her 7% contribution.Let n he 50 percent of her 7 percent contribution. Thus,
[tex]n=\dfrac{4237.1\times 50}{100}[/tex]
[tex]n=2118.55[/tex]
The 50% of her 7% contribution which is made by the company is $2118.55.
Hence, the Lydia's company contribute the money to her 401 k is $2118.55. Thus the option A is the correct option.
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