For Much of the 20th Century,new Car Prices Rose at an Annual

Multiple Choice

For much of the 20th century,new car prices rose at an annual rate of 5.73%.Given a beginning new car price of $600,how long did it take for the average new car price to rise to $16,950? Please round to the nearest year.

A) 40 years
B) 60 years
C) 70 years
D) 100 years