The rate of increase of the population of a city is proportional to the population present at that instant. In the period of $40$ years,the population increased from $30,000$ to $40,000$. At any time $t$,the population is given by $P(t) = (a)(b)^{\frac{t}{40}}$. Then the values of $a$ and $b$ are respectively:

  • A
    $30,000, \frac{2}{3}$
  • B
    $30,000, \frac{4}{3}$
  • C
    $40,000, \frac{2}{3}$
  • D
    $40,000, \frac{3}{4}$

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