Compound Percentage Increase

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?

(A) 1.10x
(B) 1.20x
(C) 1.21x
(D) 1.25x
(E) 1.33x

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