The projected worth (in millions of dollars) of a large company is modeled by the equation
y = 246(1.11)". The variable x represents the
number of years since 1997. What is the
projected annual percent of growth, and what
should the company be worth in 2005?
[A] 21%; $273.06 million
[B] 21%; $629.28 million
I
[C] 11%; $566.92 million
[D] 11%; $510.74 million