step1: Write out the formula for exponential growth
[tex]y=a(1+r)^n[/tex][tex]\begin{gathered} a=\text{initial population} \\ r=\text{rate} \\ n=\text{years} \end{gathered}[/tex]
Hence we have
[tex]a=800,r=3\text{ \%, n=x}[/tex]
Step2: substitute into the formula in step 1
[tex]\begin{gathered} y=800(1+\frac{3}{100})^x \\ y=800(1+0.03)^x \\ y=800(1.03)^x \end{gathered}[/tex]
Hence the right option is A
