# Salary increase 2

Each year, Francesca earns a salary 2 percent higher than her previous year's salary. In her first five years at this job, she earned a total of $187,345. What was Francesca's salary in her 1st year at this job?

## Correct answer:

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### You need to know the following knowledge to solve this word math problem:

**algebra**- equation
- exponential equation
- geometric progression
- expression of a variable from the formula
**arithmetic**- exponentiation

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