In 2010, the total urban population of Low-Income Countries (LICs) was 300 million300\text{ million}300 million. By the year 2050, this is projected to rise to 720 million720\text{ million}720 million.
Identify the correct percentage increase in the urban population of LICs from 2010 to 2050.
42%42\%42%
58%58\%58%
140%140\%140%
240%240\%240%