SOLUTION: Sandra saves 15% of her salary for retirement. This year her salary was $1,000 more than in the previous year, and she saved $7,350. What was her salary in the previous year?
Question 1170041: Sandra saves 15% of her salary for retirement. This year her salary was $1,000 more than in the previous year, and she saved $7,350. What was her salary in the previous year? Answer by ikleyn(52781) (Show Source):
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Sandra saves 15% of her salary for retirement. This year her salary was $1,000 more than in the previous year,
and she saved $7,350. What was her salary in the previous year?
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From the condition, you have this equation
0.15*(x+1000) = 7350
where "x" is your unknown amount.
Hence,
x + 1000 = = 49000.
It implies x = 49000 - 1000 = 48000 dollars. ANSWER
