Find last years salary if after a 3% pay raise this years salary is $35,020

Answer 1

so if last year's salary was x

then 1.03x = 35020

solve for x

Answer 2

1.03 ≠ 35020

you mean somebody with $1.03 has the same as somebody with $35020 ?

Answer 3

Oops. Sorry, Reiny. I'd already deleted Renne's answer before I saw yours.

Answer 4

ok 35020/1.03=34000 ....but where did the 1.03 come from?

Answer 5

figured that's what happened .

At Ann,

1.03x = 35020
x = 35020/1.03 = $34000

Last year she made $34000

check: 3% of 34000 = 1020
add it on to new the new salary