Solve the Problem $\$ 23,000$ Last Year and Increased 37\% This Year

Multiple Choice

Solve the problem.
-Jennifer's annual salary was $\$ 23,000$ last year and increased 37\% this year. Find Jennifer's current annual salary.

A) $\$ 28,490$
B) $\$ 31,510$
C) $\$ 40,020$
D) $\$ 8510$