Problema Solution
find last years salary if, after a 6% payraise, this years salary is 41,340.
Answer provided by our tutors
let x represent last years salary
after 6% payraise the new salary is $41,340:
x + 0.06x = 1.06x
1.06x = 41340 divide both sides by 1.06
x = 41340/1.06
x = $39,000
last years salary was $39,000.