Question

Test Prep Each year Rolando saves 8% of his income. This year he saved $3000 and his salary was $2000 less than in the

previous year. What was his salary in the previous year? Write and solve an equation.
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Answer 1

To find Rolando's salary in the previous year, we can set up an equation using the given information: 0.08 * R = $3000 and R - $2000. Solving this equation will give us the answer.

Step-by-step explanation:

Let R be Rolando's salary in the previous year. We know that this year he saved $3000, which is 8% of his current salary. So we can write the equation: 0.08 * R = $3000.

Since his salary this year was $2000 less than the previous year, we can write the equation: R - $2000.

Substituting the value of R - $2000 into the first equation, we get 0.08 * (R - $2000) = $3000. Solving this equation will give us the value of R, which is Rolando's salary in the previous year.

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