The equation 2003-02-05-00-00_files/i0070000.jpg can be used to model a person’s future income. S = future salary, p = current salary, r = rate of increase(% in decimal form), and t = time in years. Bob’s salary increases by 5% each year. If he starts at $35,000 per year, what will his salary be in 5 years? A. $36,750 B. $44,670 C. $43,750 D. $50,000

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