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Math·Advanced Math·Nonlinear functions

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A model predicts that the population of a certain town was $3,000$ in $2007$. The model also predicts that each year for the next $5$ years, the population $p$ increased by $8\%$ of the previous year’s population. Which equation best represents this model?

A

$p=0.92(3,000{)}^x$

B

$p=1.08(3,000{)}^x$

C

$p=3,000(0.92{)}^x$

D

$p=3,000(1.08{)}^x$