Solve the Problem A) $\$ 55$ B) $\$ 56$ C) $\$ 53$ D) $\$ 52$

Multiple Choice

Solve the problem.
-Use the inflation proportion to estimate the 2005 price of a jacket which costs $470 in 2000. Assume that the price increased at the average annual rate shown in the table below. Round your answer to
The nearest dollar. $\begin{array}{l|c|c}\text { Year } & \text { Average CPI-U } & \text { Percent Change in CPI-U } \\\hline 1999 & 166.6 & 2.2 \\2000 & 172.2 & 3.4 \\2001 & 177.1 & 2.8 \\2002 & 179.9 & 1.6 \\2003 & 184.0 & 2.3 \\2004 & 188.9 & 2.7 \\2005 & 195.3 & 3.4\end{array}$

A) $\$ 55$
B) $\$ 56$
C) $\$ 53$
D) $\$ 52$