Question

Sandra saves 11% of her salary for retirement. This year her salary was $1,000 more than in the previous year, and she saved $4,620. What was her salary in the previous year?

Answer 1

$41,000

Explanation:

To find out how much the salary of Sandra was in the previous year, we first need to find what 4,620 is 11% of.

Now to find the total salary, we first need to multiply 4,620 by 100 then divide it by 11.

Current Salary =
`(4,620*100)/(11)`

Current Salary = $42,000

Now that we know her current salary, we can simply subtract her current salary by $1,000 to find her previous year salary.

Previous Salary = $42,000 - $1,000

Previous Salary = $41,000

So Sandra's salary the previous year was $41,000.