The value of a piece of property is growing at a rate of 3.5% annually if the property was worth $77,000 when it was purchased, which equation could be used to determine the value of the property, y, x years after it was purchased?
A. y=77,000+3.5x
B. y=77,000(3.5)x
C. y=77,000(1.035)x
D. y=77,000(0.035)x