Asked by ann
Find last years salary if after a 3% pay raise this years salary is $35,020
Answers
Answered by
Reiny
so if last year's salary was x
then 1.03x = 35020
solve for x
then 1.03x = 35020
solve for x
Answered by
Reiny
1.03 ≠ 35020
you mean somebody with $1.03 has the same as somebody with $35020 ?
you mean somebody with $1.03 has the same as somebody with $35020 ?
Answered by
Ms. Sue
Oops. Sorry, Reiny. I'd already deleted Renne's answer before I saw yours.
Answered by
ann
ok 35020/1.03=34000 ....but where did the 1.03 come from?
Answered by
Reiny
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
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
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