Tough and Tricky questions: Word Problems.
If today the price of an item is $3,600, what was the price of the item exactly 2 years ago?
(1) The price of the item increased by 10 per-cent per year during this 2-year period.
(2) Today the price of the item is 1.21 times its price exactly 2 years ago.
Kudos for a correct solution.