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OpenStudy (anonymous):
A teammate is currently in the fourth year of a five–year contract. His current salary is $875,900, and this represents an annual raise of 15% for the life of his contract. What was his starting salary?
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OpenStudy (vishweshshrimali5):
see let his original salary = x now salary of 4th year 875,900=x[1+(1+15/100)^4] solve it now
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