Port, Florida has the United States' fastest growth rate among cities with a population of 100,000 or more between 2003 and 2004. In 2003, the population was 103,800 and increasing at a rate of 12% per year. In what time should the population reacH₂75,000 (let (t=0) correspond to 2003)? Apply the formula (n = n₀ eʳᵗ), where (n) represents the number of people...

a. 7 years
b. 8 years
c. 9 years
d. 10 years