Operations with Matrices Quick Check

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Question
Juan and Kara Martinez are going to increase their savings contributions by 15% this year compared with last year. Find their contributions for this year. What is the element in the second row, first column of the answer?

Last Year’s Savings Contributions

CD IRA 401K
1.15 Juan [$2,500$3,500$4,000$3,000$15,000$12,000]
Kara(1 point)
Responses

$4,600
$4,600

$4,025
$4,025

$525
$525

$600
$600
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Answer 1

The correct answer is:

$4,025