Jon invests $4,100 into an account that pays 5 percent simple interest each year. What is the total balance in the account after
1 answer:
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Answer:
$7.76
Step-by-step explanation:
Let x be the amount he was making before the raise.
He had an increase of 3.1% of x added to x which resulted in a new salary of $8.00 per hour.
Mathematically:
x = $7.76
He was making $7.76 before the raise.