Multiple Choice
Mary graduated from a college in 2004 and she wanted to go on a sea cruise the same year. However, she could not afford it at that time because of the high price of $2 550. Today she can afford it, however, the cruise price is $2 870 now. If the price of the cruise in real dollars has not changed and the inflation rate has been 3.0% since 2004, what year is it now?
A) 2007
B) 2008
C) 2009
D) 2010
E) 2011
Correct Answer:
Verified
Correct Answer:
Verified
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