Problema Solution
Find last year's salary if, after a 4% pay raise, this year's salary is $44,200.
Answer provided by our tutors
Let the last year's salary is x. After 4% pay raise it is x+4%x=104x/100.
So x=100x44200/104=42500
Find last year's salary if, after a 4% pay raise, this year's salary is $44,200.
Let the last year's salary is x. After 4% pay raise it is x+4%x=104x/100.
So x=100x44200/104=42500