Write the Word or Phrase That Best Completes Each Statement $\mathrm { N } = \mathrm { Ie } \mathrm { kt } , \mathrm { N }$

question 467

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-In the formula $\mathrm { N } = \mathrm { Ie } \mathrm { kt } , \mathrm { N }$ is the number of items in terms of an initial population I at a given time $\mathrm { t }$ and $\mathrm { k }$ is a growth constant equal to the percent of growth per unit time. There are currently 68 million cars in a certain country, increasing by $1.2 \%$ annually. How many years will it take for this country to have 77 million cars? Round to the nearest year.

• A) \(10 \mathrm { yr }\)
• B) \(183 \mathrm { yr }\)
• C) \(5 \mathrm { yr }\)
• D) \(8 \mathrm { yr }\)

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