Question

Find last​ year's salary​ if, after a 5 %5% pay​ raise, this​ year's salary is $ 33 comma 075$33,075.

Answer 1

$33,075 = 0.05S + S

$33,075 = 1.05S


$33,075/1.05 = 1.05S/1.05


S= $31,500


Check


$31,500 * 5% = $1575 + $31,500 =$33,075