The cost of living year went 3%.Fortunately,Alice Swanson got 3% raise in her salary from last year.This year she is earning $22,660.How much did she make last year?

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Alice Swanson got a 3% raise in her salary this year compared to her salary last year. This year she is earning $22,660. Let her salary last year be X. As $22660 is 3% greater than X, X*(1 + 0.03) = 22660

=> X = 22660/1.03 = $22000

Her salary last year was $22000.

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