Step 1 :The volume of a cylinder is given by the formula \(V = \pi r^2 h\), where \(r\) is the radius and \(h\) is the height.
Step 2 :If both the diameter (and hence the radius) and the height are increased by 10%, the new volume will be \(V' = \pi (1.1r)^2 (1.1h) = 1.331 \pi r^2 h = 1.331 V\).
Step 3 :This represents an increase of 33.1% in volume.
Step 4 :Rounding to the nearest percent, the volume of the can increases by approximately \(\boxed{33\%}\).