Question

Kyle saves 8% of his income for a new car this year his salary was $2000 less than in the previous year and he saved $3000 what was his salary in the previous year

Answer 1

First let us calculate for his salary this year. We know that 3000 is only 8% of his salary, hence:

0.08 * salary = 3000

salary = 3000 / 0.08

salary = 37,500

 

Therefore his previous salary is:

previous salary = 37,500 + 2,000

previous salary = $39,500