Answer: First option is correct.
Population after 7 years becomes 11257.
Step-by-step explanation:
Since we have given that
Number of population of a town = 9800
Rate of growth = 2%
Number of years = 7
We need to find the number of population after 7 years:
[tex]A=P(1+\frac{r}{100})^n\\\\Here,\\\\\text{A denotes Amount}\\\\\text{ P denotes Principal}\\\\\text{ R denotes Rate of growth}\\\\\text{ T denotes Time}[/tex]
So, It becomes,
[tex]A=9800(1+0.02)^7\\\\A=9800(1.02)^7\\\\A=11257[/tex]
Hence, First option is correct.
Population after 7 years becomes 11257.