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The salary last year before the raise will be $60,400.00.

What is the percentage?

The quantity of anything is stated as though it were a fraction of a hundred.

Your current salary is $63,420.00.

If you received a 5% raise last year.

Then the salary last year before the raise will be

Let x be the salary.

1.05x = $63,420.00

      x = $60,400.00

More about the percentage link is given below.

https://brainly.com/question/8011401

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