Suppose that a new employee starts working at ​$7.03 per hour and receives a 3​% raise each year. After time​ t, in​ years, his hourly wage is given by the equation y=$7.03(1.03)t. Find the amount of time after which he will be earning​ $10.00 per hour. After what amount of time will the employee be earning​ $10.00 per​ hour?
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