A professional athlete was offered a three-year contract to play with Team K that provided for an annual salary of $100,000 in the first year, an increase in annual salary of 30% over the previous year for the next two years, and a bonus of $50,000 on signing. Team L offered a three-year contract providing for an annual salary of $150,000 in the first year, an increase in annual salary of 10% over the previous year for the next two years, and no signing bonus. If he accepts the offer of Team L and fulfills the three-year contract terms, the athlete will receive how much more money by choosing Team L over Team K ?	Choose the correct choice from the following.
A) $32,500
B) $47,500
C) $82,500
D) $92,000
E) $100,000
Team K's contract = $100,000 + $100,000*1.3 + $100,000*1.3*1.3 + $50,000 = $449,000   Team L's contract = $150,000 + $150,000*1.1 + $150,000*1.1*1.1 = $496,500   The difference = $47,500.   Answer: $47,500.
<result>B</result>
A professional athlete was offered a three-year contract to play with Team K that provided for an annual salary of $100,000 in the first year, an increase in annual salary of 30% over the previous year for the next two years, and a bonus of $50,000 on signing. Team L offered a three-year contract providing for an annual salary of $150,000 in the first year, an increase in annual salary of 10% over the previous year for the next two years, and no signing bonus. If he accepts the offer of Team L and fulfills the three-year contract terms, the athlete will receive how much more money by choosing Team L over Team K ?