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Math·Problem-Solving and Data Analysis·Percentages

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In 2007, Elijah earned 17% more than in 2006, and in 2008 Elijah earned 3% more than in 2007. If Elijah earned $y$ times as much in 2006 as in 2008, which of the following is closest to the value of $y$?

A

0.1765

B

0.5100

C

0.8298

D

1.2051