Solve the problem.In the formula N = Iekt, N is the number of items in terms of an initial population I at a given time t and k is a growth constant equal to the percent of growth per unit time. There are currently 75 million cars in a certain country, increasing by 2.4% annually. How many years will it take for this country to have 101 million cars? Round to the nearest year.

A. 11 yr
B. 4 yr
C. 136 yr
D. 12 yr


Answer: D

Mathematics

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