A City Was Incorporated in 2004 with a Population of 25,000

Multiple Choice

A city was incorporated in 2004 with a population of 25,000. It is expected that the population will increase at a rate of 2% per year. The population n years after 2004 is given by the sequence $P _ { n } = 25000 ( 1.02 ) ^ { n }$ Find the population in 2014

A) $26,530$
B) $27,061$
C) $30,475$
D) $32,987$
E) none of these