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

question 57

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) \(87.344\)

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