A man saves 4% of his monthly
income of $19,540, the percentage
Savings is increased in the ratio
3:2 Calculate the savings from
the monthly
income.​

Answers

Answer 1

Answer:

Although the question is not clear, It most likely looks like you were asking for the calculation of the savings for the month after increase.

savings for the month after increase = $1172.4

Step-by-step explanation:

First, let us calculate how much was saved before the increase in savings:

monthly income = $19,540

Percentage saved = 4% of monthly income

= 4/100 × 19,540 = 0.04 × 19,540 = $781.6

Next, we are given the ratio of increase in savings as 3:2

Let the new savings amount be x

3 : 2 = x : 781.6

[tex]\frac{3}{2} = \frac{x}{781.6} \\781.6\ \times 3\ =2x\\2344.8 = 2x\\x =\frac{2344.8}{2} \\x = \$1172.4[/tex]

therefore savings for the month after increase = $1172.4

Just incase you were looking for the savings before the increase, the answer is $781.6 (as calculated above)


Related Questions

Can somebody please solve this problem for me!

Answers

Answer:

x = 200.674

Step-by-step explanation:

tan∅ = opposite/adjacent

Step 1: Find length of z

tan70° = 119/z

ztan70° = 119

z = 119/tan70°

z = 43.3125

Step 2: Find length z + x (denoted as y)

tan26° = 119/y

ytan26° = 119

y = 119/tan26°

y = 243.986

Step 3: Find x

y - z = x

243.986 - 43.3125 = x

x = 200.674

If x represents the rate that Joy traveled at for the first half of the trip, write an
expression that represents the amount of time it takes Joy to complete the second half of the
trip at the slower rate.

Answers

Answer:

time taken for trip 2nd half >  time taken for trip 1st half

Step-by-step explanation:

Let the total distance of Joy's trip be = D

Then, the first half distance travelled = D/2

The rate (speed) at which Joy travels during first half = x

So, time taken to travel first half  = Distance / Speed

= (D/2) / x = D / 2x

Second half of trip distance travelled = remaining D/2

Let the rate (speed) at which Joy travels during second half = x'

As given, x' (second half speed) < x (first half speed)

So, time taken to travel first half =  Distance / Speed  

(D/2) / x' =  D / 2x'

As  x' < x : D / 2x'  > D / 2x .

Trip 1st half Time taken trip < 2nd half ; or trip 2nd half time taken > 1st half

Help someone please!!

Answers

Answer:

A. 5:4

Step-by-step explanation:

Since the question mentions twelfths of a pie, it is easier to say each pie has 12 pieces or 36 total pieces ordered from the 3 pies. Ty ate 5 and Rob ate 15 which is 3 times more than Ty. A total of 20 pieces have been eaten from the 36 you started with. Eaten = 20 and Remaining = 16. So the ratio is 20:16 which is simplified to 5:4.

the answer is A. 5:4

Mark each of the following as true or false and explain how you know.

Answers

true false false true...is the quick answer

Remember that negatives are always less than positive numbers.

The mean area of 7 halls is 55m².If the mean of 6 of them be 58m², find the area of the seventh all.​

Answers

Answer:

Area of 7th hall = 37 m^2

Step-by-step explanation:

Total area of 7 halls = 7*55 = 385

Total area of 6 halls = 6*58 = 348

Area of 7th hall = 385-348 = 37 m^2

Answer:

The area of the seventh hall = 37m²

Step-by-step explanation:

for 6 halls

Mean area of 6 halls = 58m²

[tex]Mean\ area = \frac{sum\ of\ areas}{Number\ of\ halls} \\58\ =\ \frac{sum\ of\ areas}{6} \\sum\ of\ areas\ of\ 6\ halls\ = 58\ \times\ 6 = 348\\sum\ of\ areas\ of\ 6\ halls\ = 348[/tex]

Let the area of the 7th hall be x

The sum of the areas of 7 halls = 348 + x   - - - - - - (1)

[tex]Mean = \frac{sum\ of\ the\ areas\ of\ 7\ halls}{7} \\55 = \frac{sum\ of\ the\ areas\ of\ 7\ halls}{7} \\sum\ of\ the\ areas\ of\ 7\ halls\ = 55\ \times\ 7\ = 385\\sum\ of\ the\ areas\ of\ 7\ halls\ =\ 385 - - - - (2)[/tex]

notice that equation (1) = equation (2)

348 + x = 385

x = 385 - 348 = 37m²

Therefore, the area of the seventh hall = 37m²

a wolf population of 850 wolves is increasing by 7% each year. Find the wolf population after 7 years

Answers

Answer:

1,267 wolves

Step-by-step explanation:

Initial population of wolf = 850 wolves

If the wolves increases by 7% each year, yearly increment will be 7% of 850

=  7/100 * 850

= 7*8.5

= 59.5 wolves.

This shows that the wolves increases by 59.5 each year.

After 7 years, increment will be equivalent  to 59.5 * 7 = 416.5

The wolf population after 7 years = Initial population + Increment after 7 years

= 850 + 416.5

= 1266.5

≈ 1267 wolves

Hence the population of the wolves after 7 years is approximately 1,267 wolves

The data represents the daily rainfall​ (in inches) for one month. Construct a frequency distribution beginning with a lower class limit of and use a class width of . Does the frequency distribution appear to be roughly a normal​ distribution?

Answers

Answer:

The frequency distribution does not appear to be normal.

Step-by-step explanation:

The data provided is as follows:

S = {0.38 , 0 , 0.22 , 0.06 , 0 , 0 , 0.21 , 0 , 0.53 , 0.18 , 0 , 0 , 0.02 , 0 , 0 , 0.24 , 0 , 0 , 0.01 , 0 , 0 , 1.28 , 0.24 , 0 , 0.19 , 0.53 , 0 , 0, 0.24 , 0}

It is provided that the first lower class limit should be 0.00 and the class width should be 0.20.

The frequency distribution table is as follows:

Class Interval  Count

 0.00 - 0.19            21

 0.20 - 0.39             6

 0.40 - 0.59             2

 0.60 - 0.79             0

 0.80 - 0.99             0

  1.00 - 1 . 19             0

  1.20 - 1. 39             1

The frequency distribution does not appear to be normal. This is because the frequencies does not start and end at almost equivalent points and the mid-distribution does not consist of the highest frequency.

Thus, the frequency distribution does not appear to be normal.

Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 14 stations last Tuesday, the correlation was 0.65. Can the company conclude that the correlation is positive

Answers

Complete Question

Pennsylvania Refining Company is studying the relationship between the pump price of gasoline and the number of gallons sold. For a sample of 14 stations last Tuesday, the correlation was 0.65.At the 0.01 significance level Can the company conclude that the correlation is positive

Answer:

Yes the company conclude that the correlation is positive

Step-by-step explanation:

From the question we are told that

   The  sample size is  n =  14

    The correlation is  r =  0.65

     

The  null hypothesis is  [tex]H_o : r < 0[/tex]

The  alternative hypothesis is  [tex]H_1 : r > 0[/tex]

Generally the standard deviation is mathematically evaluated as

       [tex]Sr = \sqrt{1- r}[/tex]

       [tex]Sr = \sqrt{1- 0.65}[/tex]

       [tex]Sr = 0.616[/tex]

The  degree of freedom for the one-tail test is

       [tex]df = n- 2[/tex]

        [tex]df = 14- 2[/tex]

        [tex]df = 12[/tex]

The standard error is evaluated as

        [tex]SE = \frac{0.616}{ \sqrt{12} }[/tex]

        [tex]SE =0.1779[/tex]

The test statistics  is evaluated as

      [tex]t = \frac{r }{SE}[/tex]

       [tex]t = \frac{0.65 }{0.1779}[/tex]

        [tex]t = 3.654[/tex]

The p-value of of  t is obtained from the z table, the value is  

        [tex]p-value = P(t < 3.654) = 0.00012909[/tex]

Given that [tex]p-value < \alpha[/tex]  then we reject the null hypothesis

           Hence the company can conclude that the correlation is positive

     

3. Solve 6 + 5 √ 2 4 9 − 2 x = 7

Answers

Answer:

please mark my answer brainliest

Step-by-step explanation:

question is unclear to give u correct answer

In a mathematics class, half of the students scored 87 on an achievement test. With the exception of a few students who scored 52, the remaining students scored 71. Which of the following statements is true about the distribution of scores?

Answers

Answer:the mean is greater than the median

Step-by-step explanation:

The mean is less than the median. Then the correct option is A.

What are statistics?

Statistics is the study of collection, analysis, interpretation, and presentation of data or to discipline to collect, and summarise the data.

Half the students scored 87.  

The next highest score is 71.

Then the median will be

(71+ 87) / 2 = 79

A few students scored 52, so the mean is slightly lower than the mean of 71 and 87.

Thus, the mean is less than the median.

Then the correct option is A.

The missing options are given below.

A. The mean is less than the median.

B. The mean and the median is the same.

C. The mean is greater than the mode.

D. The mean is greater than the median.

More about the statistics link is given below.

https://brainly.com/question/10951564

#SPJ2

A man claims to have extrasensory perception (ESP). As a test, a fair coin is flipped10 times and the man is asked to predict the outcome in advance. He gets 7 out of10 correct. What is the probability that he would have done at least this well if hehad no ESP?

Answers

Answer:

I would say 70%

Step-by-step explanation:

He got 7 of of 10 (7/10 = 70%) right so I  would say he would do just as well without ESP since it doesn't exist.

You work for a pharmacy and monthly sales of asthma inhalers in your pharmacy follows a normal distribution with a mean of 191 inhalers per month and a standard deviation of 21 due to a storm the next shipment of inhalers did not arrive. The pharmacy only has 163 inhalers currently in stock and available to sell for the current month. What is the z score corresponding to selling 163 inhalers?

Answers

Answer: -1.33 .

Step-by-step explanation:

Formula to find the Z-score :

[tex]Z=\dfrac{\text{Expected value - Mean}}{\text{Standard deviation}}[/tex]

Given: Mean = 191  and Standard deviation = 21

Then , the z-score corresponding to the expected value of 163 will be :

[tex]Z=\dfrac{163-191}{21}\\\\=\dfrac{-28}{21}\approx-1.33[/tex]

Hence, the z score corresponding to selling 163 inhalers is -1.33 .

Joy is preparing 20 liters of a 25% saline solution. She has only a 40% solution and a 10% solution in her lab. How many liters of the 40% solution and how many liters of the 10% solution should she mix to make the 25% solution?

Answers

Answer:

10 Liters of 40% solution

Step-by-step explanation:

Answer:

10 liters of the 40% solution, and 10 liters of the 10% solution

Step-by-step explanation:

Let us say that x = the liters of the 40% solution, and y = liters of the 10% solution in her lab. We know that Joy is preparing a solution containing a total 20 liters, so x + y = 20. We can respectively create the following system of equations,

x + y = 20,

0.40x + 0.10y = 0.25 ( 20 )

And now we have to solve this system of equations for x and y, the liters of the 40% solution and the liters of the 10% solution,

[tex]\begin{bmatrix}x+y=20\\ 0.4x+0.1y=0.25\left(20\right)\end{bmatrix}[/tex]  ( Substitute x as 20 - y )

[tex]0.4\left(20-y\right)+0.1y=0.25\cdot \:20\end{bmatrix}[/tex] ( Isolate y )

[tex]8-0.3y=5[/tex] ⇒ [tex]80-3y=50[/tex] ⇒ [tex]-3y=-30[/tex] ⇒ y = 10

[tex]x=20-10 = 10[/tex] ⇒ x = 10

Therefore, there are 10 liters of both the 40% and 10% solution.

Write a variable expression for a number w increased by 4 (A) 4 ÷ w (B) w + 5 (C) w + 4

Answers

Answer:

C) w+4

Step-by-step explanation:

w=the variable

+4= increased by 4

HOPE THIS HELPS!!!!!! :)

<33333333333

Find and interpret a 95% confidence interval to estimate the average number of bolts per box for all boxes in the population. Round to 3 decimal places.

Answers

Complete Question

The complete question is shown on the first uploaded image

Answer:

The 95% confidence interval is  [tex]49.85 < \mu < 54.15[/tex]

This means that there is 95% chance that the true population mean is within this interval

Step-by-step explanation:

From the question we are told that

    The  sample size is n = 30  

    The sample mean is  [tex]\= x = 52[/tex]

    The population standard deviation is  [tex]\sigma = 6[/tex]

Given that the confidence level is 95% then the level of confidence is evaluate as

             [tex]\alpha = 100 - 95[/tex]

            [tex]\alpha = 5\%[/tex]

            [tex]\alpha = 0.05[/tex]

Next we obtain the critical value of  [tex]\frac{\alpha }{2}[/tex] from the normal distribution table , the values is

                 [tex]Z_{\frac{\alpha }{2} } = 1.96[/tex]

Generally the margin of error is mathematically represented as

           [tex]E = Z_{\frac{\alpha }{2} } * \frac{\sigma }{\sqrt{n} }[/tex]

substituting values

            [tex]E = 1.96 * \frac{ 6 }{\sqrt{30} }[/tex]

           [tex]E = 2.147[/tex]

The  95% confidence interval is mathematically represented as

          [tex]\= x - E < \mu < \= x + E[/tex]

substituting values

         [tex]52 - 2.147 < \mu < 52 + 2.147[/tex]

         [tex]49.85 < \mu < 54.15[/tex]

       

     

please help me to answer this question​

Answers

Where’s the question

Answer:

I can not see any questions

Carl recorded the number of customers who visited his new store during the week:


Day Customers

Monday 17

Tuesday 13

Wednesday 14

Thursday 16


He expected to have 15 customers each day. To answer whether the number of customers follows a uniform distribution, a chi-square test for goodness of fit should be performed. (alpha = 0.10)


What is the chi-squared test statistic? Answers are rounded to the nearest hundredth.

Answers

Answer:

The chi - square test can be [tex]\approx[/tex] 0.667

Step-by-step explanation:

From the given data :

The null hypothesis and the alternative hypothesis can be computed as:

Null hypothesis: The number of customers does  follow  a uniform distribution

Alternative hypothesis: The number of customers does not  follow  a uniform distribution

We learnt that: Carl recorded the number of customers who visited his new store during the week:

Day              Customers

Monday               17

Tuesday              13

Wednesday         14

Thursday              16

The above given data was the observed value.

However, the question progress by stating that : He expected to have 15 customers each day.

Now; we can have an expected value for each customer  as:

                      Observed Value                   Expected Value

Day                 Customers                        

Monday                17                                          15

Tuesday               13                                          15

Wednesday          14                                          15

Thursday               16                                         15

The Chi square corresponding to each data can be determined by using the formula:

[tex]Chi -square = \dfrac{(observed \ value - expected \ value )^2}{expected \ value}[/tex]

For Monday:

[tex]Chi -square = \dfrac{(17 - 15 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(2)^2}{15}[/tex]

[tex]Chi - square = \dfrac{4}{15}[/tex]

chi - square = 0.2666666667

For Tuesday :

[tex]Chi -square = \dfrac{(13- 15 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(-2)^2}{15}[/tex]

[tex]Chi - square = \dfrac{4}{15}[/tex]

chi - square = 0.2666666667

For Wednesday :

[tex]Chi -square = \dfrac{(14- 15 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(-1 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(1 )}{15}[/tex]

chi - square = 0.06666666667

For Thursday:

[tex]Chi -square = \dfrac{(16- 15 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(1 )^2}{15}[/tex]

[tex]Chi -square = \dfrac{(1 )}{15}[/tex]

chi - square = 0.06666666667

                   Observed Value   Expected Value    chi - square

Day                 Customers                        

Monday                17                     15                       0.2666666667

Tuesday               13                     15                       0.2666666667

Wednesday          14                     15                       0.06666666667

Thursday               16                    15                       0.06666666667

Total :                                                                        0.6666666668

The chi - square test can be [tex]\approx[/tex] 0.667

At level of significance ∝ = 0.10

degree of freedom = n - 1

degree of freedom = 4 - 1

degree of freedom = 3

At ∝ = 0.10 and df = 3

The p - value for the chi - square test statistics is 0.880937

Decision rule: If the p - value is greater than the level of significance , we fail to reject the null hypothesis

Conclusion: Since the p - value is greater than the level of significance , we fail to reject the null hypothesis and conclude that there is insufficient evidence to show that the number of customers does not follows a uniform distribution.

Answer:.67

Step-by-step explanation:

Evaluate S_5 for 600 + 300 + 150 + … and select the correct answer below. A. 1,162.5 B. 581.25 C. 37.5 D. 18,600

Answers

Answer:

  A.  1,162.5

Step-by-step explanation:

Write the next two terms and add them up:

  S5 = 600 +300 +150 +75 +37.5 = 1162.5 . . . . matches choice A

Answer: Choice A 1,162.5

================================================

Explanation:

{600, 300, 150, ...} is a geometric sequence starting at a = 600 and has common ratio r = 1/2 = 0.5, this means we cut each term in half to get the next term. We could do this to generate five terms and then add them up. Or we could use the formula below with n = 5

Sn = a*(1-r^n)/(1-r)

S5 = 600*(1-0.5^5)/(1-0.5)

S5 = 1,162.5

-----------

Check:

first five terms = {600, 300, 150, 75, 37.5}

S5 = sum of the first five terms

S5 = 600+300+150+75+37.5

S5 = 1,162.5

Because n = 5 is relatively small, we can quickly confirm the answer. With larger values of n, a spreadsheet is the better option.

Jamar rolls a 6-sided number cube with the numbers 1 through 6 on it. What is the
probability that he does not roll a prime number?​

Answers

Answer:

[tex]\frac{1}{2}[/tex]

Step-by-step explanation:

In a 6 sided die, the numbers that are possible to be rolled are

1, 2, 3, 4, 5, and 6.

We know that the numbers 2, 3, and 5 are prime, while 1, 4, and 6 are not.

3 out of the 6 numbers are prime, therefore 3 out of the 6 numbers are not prime.

So the fraction is [tex]\frac{3}{6}[/tex]

This simplifies to [tex]\frac{1}{2}[/tex].

Hope this helped!

Answer:

1/2

Step-by-step explanation:

the prime numbers between 1 and 6 inclusive are:  2, 3, 5  (i.e 3 possible outcomes)

the non prime numbers are : 1, 4 and 6 (i.e 3 possible outcomes)

for each roll, the total number of possible outcomes is 6 (because its a 6-sided die)

P(does not roll a prime number) = P (rolls 1, 4 or 6)

= number of possible non-prime outcomes / total number of outcomes

= 3/6

= 1/2

A die is rolled five times and the number of fours that come up is tallied. Find the probability of getting the given result. Exactly 3 fours.

A. 0.161

B. 0.002

C. 0.116

D. 0.216

Answers

Answer:

0.0321

Step-by-step explanation:

This can be found by binomial probability distribution as the  probability of success is constant. There are a given number of trials. the successive tosses are independent.

Here n= 5

The probability of getting a four in a roll of a die = 1/6

The probability of not getting a four in a roll of a die = 5/6

The probability of getting exactly three 4s in five throws is given by

5C3 (1/6)³ (5/6)² = 10 (0.0046) (0.694)= 0.0321

“Type ‘equal, supplementary, complementary, or vertical in the space provided’”

Answers

Answer:

Supplementary

Step-by-step explanation:

When the sum of 2 angles equal 180°, they are called supplementary angles. And they also form a straight line together.

<AOB (40°) and <BOC (140°) are not equal angles.

<AOB (40°) and <BOC (140°) are not complementary angles. Complementary angles add up to equal 90°.

<AOB (40°) and <BOC (140°) are not vertical angles. Vertical angles are opposite angles formed when two lines intersect.

<AOB (40°) and <BOC (140°) are supplementary angles. They add up to equal 180°.

a kicker starts a football game by "kicking off". The quadratic function y = -10x^2 + 25x models football's height after x seconds. How long, in seconds, is the football in the air?​

Answers

Answer:  2.5 seconds

Step-by-step explanation:

x refers to time. Since we want to know how long it is in the air, we need to find the time (x) for the ball to land on the ground (y = 0)

0 = -10x² + 25x

0 = -5x(2x - 5)

0 = -5x     0 = 2x - 5

[tex]0 = x\qquad \dfrac{5}{2}=x[/tex]

x = 0 seconds is when the ball was kicked

x = 5/2 --> 2.5 seconds is when the ball landed on the ground

Help plz! Jim is climbing a mountain that has a base 150 feet above sea level. If he climbs 233 feet then descends into a cave 64 feet, how far above sea level is Jim

Answers

150+233-64=319
Jim is 319 ft above sea level.

Answer:

150+233-64=319

Jim is 319 ft above sea level.

Step-by-step explanation:

Q-The general solution of inequality cos 2 x≤- sin x is

Answers

Answer:

x∈[2nπ−5π/6, 2nπ−π/6]∪{(4n+1)π/2}, n ϵ I

Step-by-step explanation:

1−2sin2  x≤−sin x    ⇒    (2sin x+1)(sin x−1)≥0

sin x≤−1/2    or    sin x≥1

−5π/6+2nπ≤x≤−π/6+2nπ    or    , n ϵ I x=(4n+1)π/2, n ϵ I⇒    -5π6+2nπ≤x≤-π6+2nπ    or    , n ϵ I x=4n+1π2, n ϵ I     (as sin x = 1 is valid only)

In general⇒    In general    x∈[2nπ−5π/6, 2nπ−π/6]∪{(4n+1)π/2}, n ϵ I


What is an equation of the line that passes through the points (-5, 8) and (5,0)?

Answers

Answer:

y= -0.8x + 4

Midpoint is 0,4

I need help on this question

Answers

Answer:

Figure G.

Step-by-step explanation:

Let's check through the values and calculate the radius and area for all the circle.

For circle R

Diameter = 2 feet

Radius= 1 feet

Area= πr²

Area= 3.14*1

Area= 3.14 feet²

CircleS

Diameter= 4 feet

Radius= 2 feet

Area= πr²

Area= 3.14*2²

Area= 12.56 feet²

Circle T

Diameter= 8 feet

Radius= 4 feet

Area = π r²

area= 3.14*4²

Area=50.24 feet²

Circle U

Diameter= 12 feet

Radius= 6 feet

Area = π r²

area= 3.14*6²

Area=113.04 feet²

The values of the radius and Area all match the graph in figure G

A researcher would like to test the claim that the mean lung capacity of middle-aged smokers is less than the mean lung capacity of senior citizen nonsmokers. Independent random samples of 34 middle-aged smokers and 34 senior citizen nonsmokers will be used in a hypothesis test of this claim, and it is believed that the standard deviations of the lung capacities in the populations of middle-aged smokers and senior citizen nonsmokers are the same. Which test statistic formula should be used for this test

Answers

Answer:

The respiratory system extends from the nose and upper airway to the alveolar surface of the lungs, where gas exchange occurs. Inhaled tobacco smoke moves from the mouth through the upper airway, ultimately reaching the alveoli. As the smoke moves more deeply into the respiratory tract, more soluble gases are adsorbed and particles are deposited in the airways and alveoli. The substantial doses of carcinogens and toxins delivered to these sites place smokers at risk for malignant and nonmalignant diseases involving all components of the respiratory tract including the mouth.

What is the x-intercept?

Answers

Answer: x-intercept = -94, -74, and -54

A middle school has 470 students. Regina surveys a random sample of 40 students and finds that 28 have cell phones. How many students at the school are likely to have cell phones? A. 132 students B. 188 students C. 329 students D. 338 students Please include ALL work! <3

Answers

Answer:

C. 329

Step-by-step explanation:

So 28 is 70% of 40

so we know that 70% percent of students have phones

70% of 470

329

Thats how I solved it have a great day :)

You make 85,000 per year and your company matches 50 cents for every dollar you deposit into your 401k plan, up to 8% of your salary.

Answers

Answer:

The question is incomplete, below is a possible match for the complete question:

You make $85,000 per year and your company matches 50 cents for every dollar you deposit into your 401k plan, up to 8% of your salary. Complete parts (a) through (c) below.

(a) If you contribute $200 every month to your 401k, what will your company contribute each month?

The company will contribute $ (Type an integer or a decimal rounded to two decimal places as needed.)

(b) If you contribute $830 every month to your 401k, what will your company contribute each month?

The company will contribute $ (Type an integer or a decimal rounded to two decimal places as needed.)

(c) What is the maximum amount of money the company will contribute to your 401k each year?

The maximum amount that the company will contribute each year is $

(Type an integer or a decimal rounded to two decimal places as needed.)

Answer:

a.) The company will contribute $100

b.) The company will contribute $415

c.) maximum amount the company will be willing to contribute = $6,800 per year

Step-by-step explanation:

First, let us calculate the maximum amount the company will be willing to pay into the 401k plan yearly:

Annual salary = $85,000

Monthly salary = $7083.3333

maximum amount = 8% = 8/100 = 0.08 of salary

maximum amount = 0.08 × 7083.3333 = $566.67

a.) If you contribute $200 every month.

Since $200 is less than the maximum amount that the company will be willing to contribute, let us calculate how much the company is willing to contribute:

Company matches 50 cents for every dollar you deposit

1 dollar deposited = 50 cents from company

but 1 cent = $0.01

∴ 50 cents = 0.01 × 50 = $0.5

$1 deposited = $0.5 from company

∴ $200 deposited = 0.5 × 200 = $100 contributed by company

Therefore, if you contribute $200 every month, your company will contribute $100 each month.

from this example, we can see that the company is willing to contribute half of every amount you deposit every month ($100 = half of $200), hence, subsequently, we will use this for calculations.

b.) If you contribute $830 every month, the company will be willing to contribute half this amount, which is:

half of $830 = 830 ÷ 2 = $415

Therefore, if you contribute $830 per month, your company will contribute $415 per month.

c.) The maximum amount the company will be willing to contribute each year = 8% of salary per year

= [tex]= \frac{8}{100}\times 85,000 \\ =0.08\ \times\ 85,000 = \$6,800[/tex]

Therefore, the company will be willing to contribute $6,800 per year.

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