Apersonal trainer makes 25000 per year and has just begun contributing 6% of his salary to his 401k plan. if his employer matches 9% of his contributions, how much will have been contributed to the 401k plan after 4 years

$6540.

Step-by-step explanation:

We have been given that a personal trainer makes $25000 per year and has just begun contributing 6% of his salary to his 401k plan.

Let us find trainer's contribution to 401k plan by calculating 6% of $25,000.

As his employer matches 9% of his contribution, so amount contributed by employer to trainer's 401k plan per year will be 9% of 1500.

To find the amount contributed to the 401k plan after 4 years, we will multiply $1635 by 4.

Therefore, $6540 will have been contributed to the 401k plan after 4 years.

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