Sandra saves 8% of her salary for retirement. This year her salary was $3,000 more than in the previous year, and she saved $4,000. What was her salary in the previous year?
8% of her salary was $4,000.00
0.08 x salary = $4,000.00
salary = $4,000.00 / 0.08
salary = $50,000.00
Last year's salary was $3,000.00 less:
$50,000.00 - $3,000.00 = $47,000.00
