A certain car's price decreased by 2.5% (from the original price) each year from 1996 to 2002, during that time the owner of the car invested in a new carburetor and a new audio system for the car, which increased car's price by $2,500. If the price of the car in 1996 was $22,000, what is the car's price in 2002? Answers:
A) $18,400	B) $19,500	C) $20,200	D) $20,400	E) $21,200
Price in 96 = 22000   Price decrease each year = 2.5/100*22000= 
<gadget id="calculator">2.5/100*22000</gadget>
<output>550</output>
550   Price in 97= 22000 - 550   Price in 98 = 22000 - 2*550   Price in 99 = 22000 - 3*550   Price in 00 = 22000 - 4*550   Price in 01 = 22000 - 5*550   Price in 02 = 22000 - 6*550= 
<gadget id="calculator">22000 - 6*550</gadget>
<output>18_700</output>
18700   Investment in the car= 2500   Net price of the car in 02 = 18700 + 2500= 
<gadget id="calculator">18700 + 2500</gadget>
<output>21_200</output>
$21200   Correct Option: $21,200
<result>E</result>
A certain car's price decreased by 2.5% (from the original price) each year from 1996 to 2002, during that time the owner of the car invested in a new carburetor and a new audio system for the car, which increased car's price by $2,500. If the price of the car in 1996 was $22,000, what is the car's price in 2002?