Please help!!!! I’ll mark you as brainliest if you get it correct

Answer: $37.45(to the nearest hundredths) Step-by-step explanation:% increase in last year living cost =5%% increase in last year income =5%This year income = $39.420To calculate last year income implies5% decrease of this year income; thus:5/100 * $39.420 = $1.971Last year income = $39.420 - $1.971 = $37.449 = $37.45 (to the nearest hundredths)