The population of a town is increasing at a rate of 7% annually. The population in 2001 was 5,226. Choose the equation below that gives the population of the town, Pn, n years after 2000. Then, use the equation to determine what the population of the town will be in 2028. A.
Pn = 5,226·(1.07)n ; P28 = 34,746

B.
Pn = 5,226·(1.07)n ; P28 = 32,473

C.
Pn = 5,226·(1.07)n-1 ; P28 = 34,746

D.
Pn = 5,226·(1.07)n-1 ; P28 = 32,473