This week Leah got a promotion at work that came with a 6 % pay increase. If now her monthly salary is $2862, how much was she making before the raise?

$2690.28

Step-by-step explanation:

2862 decrease 6% =

2862 × (1 - 6%) = 2862 × (1 - 0.06) = 2690.28

2700

Step-by-step explanation:

106%-> 2862

100%->2700

he would have paid $33101 after 5 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount paid at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount taken as loan.

From the information given,

P = 25690

r = 5.2% = 5.2/100 = 0.052

n = 1 because it was compounded once in a year.

t = 5 years

Therefore,.

A = 25690(1+0.052/1)^1 × 5

A = 25690(1.052)^5

A = 33101