The annual salary for a manager at a company is modeled by the function f(x) = 50,000(1.065) where x is the number of years employed. What does 1.065 represent?
01)
A)
The salary increases at a rate of 0.065% each year.
B)
The salary increases at a rate of 0.65% each year.
The salary increases at a rate of 6.5% each year,
D)
The salary increases at a rate of 106.5% each year,