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27 November, 14:36

Larry saves 15% of his annual salary for retirement. This year his salary was $2000 more than last year and he saved $3300. What was his salary last year

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  1. 27 November, 15:40
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    To answer this question, we let x be Larry's salary last year. With this representation, Larry's current salary is x + 2000. Considering that he saved up 3300 this year, that is,

    3300 = 0.15 (x + 2000)

    The value of x from the equation above is 21800. His salary last year is $21,800.
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