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 20% 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 $120,000 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 ?	Select the correct option
A) $16,800  B) $50,000  C) $82,500  D) $92,000  E) $100,000
Team K's contract = $100,000 + $100,000*1.2 + $100,000*1.2*1.2 + $50,000 = $414,000   Team L's contract = $120,000 + $120,000*1.1 + $120,000*1.1*1.1 = $397,200   The difference = $16,800.   $16,800nswer: $16,800.
<result>A</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 20% 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 $120,000 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 ?