Answer:
[tex]P(t)=2500(1.04)^t[/tex]
Step-by-step explanation:
None of your proposed answers has an exponent t.
Here's the logic behind the answer:
Year 0: pop. = 2500
Year 1: pop. = 2500(1.04) That is 104% of the previous year's pop.
Year 2: pop. = 2500(1.04)(1.04) = 2500(1.04)^2
Year 3: pop. = 2500(1.04)^2 x (1.04) = 2500(1.04)^3
See the pattern? The exponent matches the year number.