Melissa has found that her most recent "third quarter earnings", are 2.4% below last year's earnings, for the same period. If she calculates this year's &quo…

Question

Melissa has found that her most recent "third quarter earnings", are 2.4% below last year's earnings, for the same period. If she calculates this year's "third quarter" earnings to be $10,467.00,what were last year's earnings? Please round to the nearest cent.

Answer 1

x·(1 - 0.024) = 10467 --> x = 10724.39