Edison’s employee matches 20% of edison’s contributions to his 401(k) plan. if edison’s employer contributed $700 to the plan last year, how much did edison contribute to the plan last year?

$3500.

Step-by-step explanation:

Let x be the amount contributed by Edison to his 401(k) plan.

We have been given that Edison’s employee matches 20% of Edison’s contributions to his 401(k) plan. Edison’s employer contributed $700 to the plan last year.

To find the Edison's contribution we need to find x such that 20% of x equals 700. We can represent this information in an equation as:

Let us divide both sides of our equation by 0.20.

Therefore, Edison contributed $3500 to the plan last year.

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