Solve the problem.Use the formula N = Iekt,, where N is the number of items at time t, I is the initial amount, and k is a growth constant equal to the percent of growth (expressed in decimal form) per unit of time. There are currently 77 million cars in a certain country, increasing by 1.1% annually. How many years will it take for this country to have 106 million cars? Round to the nearest year.

A. 5 yr
B. 29 yr
C. 306 yr
D. 26 yr


Answer: B

Mathematics

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