Choose the One Alternative That Best Completes the Statement or Answers

question 275

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Tracey bought a diamond ring appraised at $1,700 at an antique store. If diamonds have appreciated in value at an annual rate of 10%, what was the value of the ring 10 years ago? (Round your answer to the nearest dollar.)

• A) $230
• B) $655
• C) $625
• D) $4,409