Problema Solution
Find last years salary after a 5% pay raise this years salary is 36,225
Answer provided by our tutors
let x represent last years salary
x + 0.05x = 36225
x(1 + 0.05) = 36225
x*1.05 = 36225
by solving we find:
x = $34,500
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last years salary was $34,500.