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01-02-2018
Business

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Find last year's salary if, after a 4% pay raise, this year's salary is $39,000.

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01-02-2018

Let x be the last year salary. Then this year salary is 1.04*x, and you have an equation
1.04*x = 39.000

The solution is x = 39000/1.04 = 37500

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