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 %

Rationale: "1.08 * 1.08 * x = 1.1664 * x the answer is c ."
Answer: C