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