Question

Kyle saves 8% of his in the car. This year his salary was $2000 less than in the for a new previous year, and he saved $3000. What was his salary in the previous year?

Answer 1

$39500

Explanation:

The first part of this question states that Kyle saves 8% of his salary each year. This year he earned $3000. This can be translated into `3000=x * 8%`, or `3000= 0.08x`. First you divide both sides by 0.08, which equals `3000/0.08=x`, which gets you $37500.

The second part of the question says Kyle earned $2000 less this year compared to last year. Simply add $2000 onto $37500 to find that Kyle earned $39500 last year.