Solve the Problem $2 \%$ From the Amount They Paid $\$ 159,462$

Multiple Choice

Solve the problem.
-One year ago, Tony and May bought a house. In the year since they bought the house, it has depreciated $2 \%$ from the amount they paid. Today it is valued at $\$ 159,462$ . How much did they pay for the house?

A) $\$ 162,616$
B) $\$ 162,716$
C) $\$ 162,706$
D) $\$ 163,716$