SOLUTION: Find last​ year's salary​ if, after a 4 %4% pay​ raise, this​ year's salary is $ 34 comma 840$34,840.
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Question 1096821: Find last year's salary if, after a 4 %4% pay raise, this year's salary is $ 34 comma 840$34,840.
Found 2 solutions by Boreal, Edwin McCravy:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
P=Po(1+r)^n is general formula for interest. P is new salary, Po the beginning salary.
34,840=Po(1+.04); the new salary after a raise of the old salary for 1 year.
1.04Po=34840
Po=$33500, initial salary.
Answer by Edwin McCravy(20059) (Show Source): You can put this solution on YOUR website!
Edwin
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