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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?

 May 14, 2020
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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

 May 14, 2020

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