Port St. Lucie, Florida, had 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 year should the population reach 200,000? (Let t = 0 correspond to 2003.) Apply the formula N = N₀e^rt, where N represents the number of people.