In 1989 the price of a new model S car was x dollars. If the price of the model S car increased each year by 10 percent of the previous year's price, what was the price of the car, in dollars, in 1991?
Select:
A) 1.10x
B) 1.20x
C) 1.21x
D) 1.25x
E) 1.33x
Price of car in 1989 = x   10 percent increase per year for 2 years   Price of car in 1991 = (1.1)^2 *x   = 1.21 x   Answer 1.21x
<result>C</result>
In 1989 the price of a new model S car was x dollars. If the price of the model S car increased each year by 10 percent of the previous year's price, what was the price of the car, in dollars, in 1991?