Last year Jess earned $8.50%0D%0A$%0D%0A8.50%0D%0A an hour at work. After a raise, she now earns $9.85%0D%0A$%0D%0A9.85%0D%0A an hour. What is the percent change in her hourly wages? Round your answer to the nearest hundredth.(1 point)%0D%0AResponses%0D%0A%0D%0A0.1588%%0D%0A0.1588%0D%0A%%0D%0A0 point 1 5 8 8 percent%0D%0A%0D%0A13.71%%0D%0A13.71%0D%0A%%0D%0A13 point 7 1 percent%0D%0A%0D%0A0.1371%%0D%0A0.1371%0D%0A%%0D%0A0 point 1 3 7 1 percent%0D%0A%0D%0A15.88%
To find the percent change in Jess's hourly wages, we can use the formula:
Percent Change = ((New Value - Old Value) / Old Value) * 100
Old Value = $8.50
New Value = $9.85
Percent Change = ((9.85 - 8.50) / 8.50) * 100
Percent Change = (1.35 / 8.50) * 100
Percent Change = 15.88%
Therefore, the percent change in Jess's hourly wages is 15.88%.