Damon bought a baseball card 10 years ago. The card's value has decreased by 2% every year and is now worth $1325 . How much did Damon initially pay for the card?

Question

a)$1989.79

b)$1156.30

c)$1621.64

d)$1200.00

Answer 1

It decreased in value, so it originally was worth more. a or c are the only possibilities. b and d are eliminated.

a rough estimate makes c look correct: $1621.64