Step-by-step answer:
Given:
Initial monthly salary = $5000
New salary = 10% less
Salary a year after = 15% more
Solution:
New salary
= 5000 * (100-10)%
= 5000 * 90%
= 5000 * 90/100
= 4500
Salary a year after
= 4500 * (100+15%)
= 4500 * 115%
= 4500 * 115/100
= 45*115
= 5175
