SOLUTION: Joel's paycheck include his regular pay, $540, plus 5 hours of overtime. He got paid a total of $621. Write the equation that would help us determine how much he gets paid for each

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Joel's paycheck include his regular pay, $540, plus 5 hours of overtime. He got paid a total of $621. Write the equation that would help us determine how much he gets paid for each      Log On

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Question 915558: Joel's paycheck include his regular pay, $540, plus 5 hours of overtime. He got paid a total of $621. Write the equation that would help us determine how much he gets paid for each hour of overtime.

Answer by Hawksfan(61) About Me  (Show Source):
You can put this solution on YOUR website!
We know that he made $540 for 40 hours
He worked 5 extra hours. Using the time * rate = profit,
the following question will help us out:
540 + 5(rate) = 621
5(rate) = 621-540 = 81
rate/5 = 81/5

rate = $16.20/hr of overtime