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Popolare Word Problems >

If a company matches an employee 5% of their salary into a retirement account and the employees salary is 57,817.00, how much it is at the end of the year?

Soluzione

I f a co m p an y ma t c h es an e m pl oyee 5% o f t h e i r s a l a ry in t o a re t i re m e n t a cco u n t an d t h e e m pl oyees s a l a ry i s 57, 817.00, h o w m u c h i t i s a t t h e e n d o f t h e ye a r ?

Soluzione

Amount after addition : 60707.85

Fasi della soluzione

Translate the problem into an equation:

x = 57817 + 0.05 \cdot 57817

x = 57817 + 0.05 \cdot 57817 : x = 60707.85

Amount after addition : 60707.85

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