The average price of an antique car increases over the years. If from 1990 to 1996, the price of the car increased by 13% and from 1996 to 2001 it increased by 20%, what is the price of the car in 2001 if the price in 1990 was $11,500?  Options.
A) $15,594 B) $15,322. C) $14,786 D) $14,543 E) $12,988
price of the car in 1990 = $11500   from 1990 to 1996   increase = 13%   which is (13*115)   price of the car in 1996= $12995   from 1996 to 2001   increase = 20 %   which is   (12995)/5= 
<gadget id="calculator">  (12995)/5</gadget>
<output>2_599</output>
2599   price of the car in 2001= 15594   $15,594NSWER:$15,594
<result>A</result>
The average price of an antique car increases over the years. If from 1990 to 1996, the price of the car increased by 13% and from 1996 to 2001 it increased by 20%, what is the price of the car in 2001 if the price in 1990 was $11,500?