Step-by-step explanation:
Let's look at what we know. We know that...
P=2000
r=0.04 (Change 4% to a decimal)
t=7 (25 years minus 18 years equals 7)
n=1
Since we are compounding each year, we need to use this equation: 
Now just plug the numbers in: (Answer to #1:) 
This equals 2631.86
When we round, this equals to $2,632. (Answer to #2).
For P(t) = 920*1.06^(2t), the current population is 920, the percentage growth rate is 6% semiannually, and the population in 4 years will be 920*1.06^8 = 1466.
Selection B is appropriate.
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The 2 in the exponent means the growth factor 1.06 is applied twice for each increment of t, that is, twice in 1 year (semiannually).
Conner's work is correct. To combine and make it simple, you Multiply:
(3^5+9)+(6^8+10) which will equal 3^14 6^18.
But Jane's work, instead of adding, Jane multiplies. So, Conner is correct.
Hope that helped!
The answer is 24 (proof in picture below)
