What was the average annual rate of growth

Reference no: EM13271301

In 1930, the highest paid player in major league baseball was Babe Ruth of the New York Yankees, with an annual salary of $80,000. In 2000, the highest paid player in major league baseball player was Alex Rodriguez, also of the New York Yankees, with a salary of $25,000,000. What was the average annual rate of growth in the top baseball salary over this time period?

A) 18.70% B) 4.17% C) 7.96% D) 8.55%

Reference no: EM13271301

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