Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account increased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 5 percent during the third year. What is the value of the account today?  Choices:
A) $10,350 B) $10,972.50 C) $10,500 D) $11,500 E) $12,705
Value after 1 year: 10,000 * 1.1 = 11,000   Value after 2 years: 11,000 * 1.05 = 11,550   Value today: 11,550 * 0.95 = 10,395   Answer $10,972.50 is correct.
<result>B</result>
Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account increased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 5 percent during the third year. What is the value of the account today?