Choice B is correct. Since the model estimates that the number of squirrels in the population increased by a fixed percentage, , each year, the model can be represented by an exponential equation of the form , where  is the estimated number of squirrels in the population at the end of , and the model estimates that at the end of each year, the number is  more than the number at the end of the previous year. Since the model estimates that at the end of each year, the number was  more than the number at the end of the previous year, . Substituting  for  in the equation  yields , which is equivalent to , or . It’s given that the estimated number of squirrels at the end of  was . This means that when , . Substituting  for  and  for  in the equation  yields , or . Dividing each side of this equation by  yields . Substituting  for  in the equation  yields .
Choice A is incorrect. This equation represents a model where at the end of each year, the estimated number of squirrels was  of, not  more than, the estimated number at the end of the previous year.
Choice C is incorrect. This equation represents a model where at the end of each year, the estimated number of squirrels was  of, not  more than, the estimated number at the end of the previous year, and the estimated number of squirrels at the end of , not the end of , was .
Choice D is incorrect. This equation represents a model where the estimated number of squirrels at the end of , not the end of , was .