find last years salary if, after a 2% pay raise, this years salary is $37,740

Question

iwillrektyou · Answer

You have to kind of work backwards for this.

anonymous · Answer

yea im lost on how to figure it out

iwillrektyou · Answer

Ok I will try to guide you through this.

iwillrektyou · Answer

Hmm... Sorry, give me a minute. I need to think of how to start. XD

anonymous · Answer

ok this is me brandi2586. I wanted to get on my other account

iwillrektyou · Answer

Ok.

iwillrektyou · Answer

The salary last year shouldn't have a big difference from this year, because it is a 0.02% difference.

thesmartone · Answer

$\sf a \times 1.02 = 37,740$

Solve for a

thesmartone · Answer

and that's all

thesmartone · Answer

I was waiting to see how you would attempt it, but you seemed confused

so I decided to lend a hand :)

iwillrektyou · Answer

Thanks. :)
You worded it better than I could have.

amistre64 · Answer

we started with 100 parts, and then added 2 more parts to get to where we are now;  so we have 102 parts.

we could divide it into its 102 parts, and add up 100 of them to determine the original amount ....

iwillrektyou · Answer

You can just divide it to solve. This is working backward. So: 37,470/1.02 = answer