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Solve the Problem P=3000(1.08)tP = 3000 ( 1.08 ) ^ { t }

Question 102

Multiple Choice

Solve the problem.
-The enrollment at one Midwestern college is approximated by the formula P=3000(1.08) tP = 3000 ( 1.08 ) ^ { t } where tt is the number of years after 2000 . What is the first year in which you would expect enrollment to surpass 3,700 ?


A) 2,004
B) 2,002
C) 2,001
D) 2,003

Correct Answer:

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