The population of a particular city is given by the function p(t)=12,500(1.04)ᵗ, where t is time in years. What is the current population, the percentage growth rate, and the population size (rounded to the nearest whole person) after 6 years? (Hint: percentage growth rate = r×100 in a=a0​(1−r)ᵗ
A) 12,500, 4% semiannually, 9,879
B) 12,500, 10.4% annually, 15,816
C) 12,500, 40% semiannually, 9,879
D) 12,500, 4% annually, 15,816