After harvey islip's performance review, he received a merit increase of 3.65% and a cola of 3.35%. he now earns $24.00 an hour. what was his hourly wage, to the nearest cent, before the merit and cola increases? express your answer in dollars and cents.
Let x be his previous hourly rate
24 = x + 0.0365x + 0.0335x
24 = 1.07x
X = 24 / 1.07
X = $ 22.43 is his hourly rate before the merit and COLA increase
Hope it helps