Find last year's salary if after a 4% raise , this year's salary is $44,200.
alright this is what I did:
x * .04 = 44,200/.04
=1105000
then
1105000+ .04(1105000) and got a huge number that is completely wrong. I was following the example for this type of problem. l have no idea what I did or where I went wrong with this.
You can try this way: x - last year´s salary, raise: 4% = 0.04 ( 100%+4% = 104% = 1.04 ) x · 1.04 = 44,200 x = 44,200 : 1.04 x = 42,500 Last year´s salary was $42,500.
