Increasing the original price of an article by 8 percent and then increasing the new price by 8 percent is equivalent to increasing the original price by
Choose the correct option: A) 16.16% B) 16.32% C) 16.64% D) 17.26% E) 18.56%
1.08*1.08*x = 1.1664*x   The answer is 16.64%.
<result>C</result>
Increasing the original price of an article by 8 percent and then increasing the new price by 8 percent is equivalent to increasing the original price by