Solve the Problem. -A Job Pays a Salary of 29,000 the First Year

Multiple Choice

Solve the problem.
-A job pays a salary of 29,000 the first year. During the next 9 years, the salary increases by 6% each year. What is the salary for the 10th year? What is the total salary over the 10-year period? (Round to the
Nearest cent.)

A) $48,994.89; $382,243.05
B) $48,994.89; $333,248.16
C) $51,934.58; $434,177.64
D) $51,934.58; $333,264.83