Answer:
B. 2004.
Step-by-step explanation:
f(x) = 100(1.0153)^x
When f(x) = 106 million:
106 = 100(1.0153)^x
(1 .0153)^x = 106/100 = 1.06
Taking logs:
x ln 1.0153 = ln 1.06
x = ln 1.06 / ln 1.0153
= 3.837
So x = 4 years.
So the year is 2000 + 4 = 2004.