Question

Find last year's salary if after a 4% raise , this year's salary is $38,480

Answer 1

37,000

Explanation:

x+ 0.04=38,480 37,000 +0.04 * 37,000=1.04 *37,000=38,480

Answer 2

$38,480 × .04 = 1,539.20

The raise amounts to $1,539.20. Subtracting that from the salary leaves $36,940.80.