The population of the city of Rochester is growing at an average rate of $5\%$ per year. In 2000 its population was $25,000$. What is the best estimate of the population in 2020, if the town continues to grow at this rate ?

Question

$\begin{array}{1 1} (a)\;26,000 \\ (b)\; 26,200 \\ (c)\; 26,100\\ (d)\; 26,250 \end{array}$