Solve the Exponential Equation Below Algebraically $250 \left[ \frac { ( 1 + 0.03 ) ^ { x } } { 0.03 } \right] = 160,000$

Multiple Choice

Solve the exponential equation below algebraically. Round your result to three decimal places.
$250 \left[ \frac { ( 1 + 0.03 ) ^ { x } } { 0.03 } \right] = 160,000$

A) $86.873$
B) $99.967$
C) $111.803$
D) $97.718$
E) $87.344$