Mary Graduated from a College in 2004 and She Wanted

Mary graduated from a college in 2004 and she wanted to go on a sea cruise the same year. However, she could not afford it at that time because of the high price of $2 550. Today she can afford it, however, the cruise price is $2 870 now. If the price of the cruise in real dollars has not changed and the inflation rate has been 3.0% since 2004, what year is it now?

A) 2007
B) 2008
C) 2009
D) 2010
E) 2011