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OpenStudy (anonymous):
Find last year's salary if, after a 5% pay raise, this year's salary is $38,325?
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OpenStudy (anonymous):
(S)(1.05) = 38325 So, S = 38325/1.05 The trick to this problem is figuring out where "1.05" comes from. Think of it as 1 + 0.05 or 100% + 5% for the salary increase.
OpenStudy (anonymous):
38325/1.05=36500
OpenStudy (anonymous):
Yes, you got it!
OpenStudy (anonymous):
thank you that was a perfect explanation!!
OpenStudy (anonymous):
I'm glad I was able to help! The best of everything to you.
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