Solve. -Use the Formula N = Iekt, Where N Is the the Number

Multiple Choice

Solve.
-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 70 million cars in a certain country, increasing by 3% annually. How many
Years will it take for this country to have 97 million cars? Round to the nearest year.

A) 110 yr
B) 4 yr
C) 9 yr
D) 11 yr