Saturday 9 June 2012

When George Washington was president of the United States in 1797,

When George Washington was president of the United States in 1797, his salary was $25,000. If you assume an annual rate of inflation of 2.5%, how much would his salary have been in 1997?
A. $954,719
B. $2,525,548
C. $1,025,000
D. $3,489,097
E. $4,085,920

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