Growth of population is compounded every year.  Growth rate of 4% means, it is 0.04.  Starting Population is 4739 for the year 2003, Hence,

 

Population in 2004 will be= 4739(1+.04)        = 4929

      ,,             2005             = 4739(1+.04)2       =5126

     ,,              2006             = 4739(1+.04)3       =5331

     ,,                     2007             =4739(1+.04)4        =5544

     ,,              2008             = 4739(1+.04)5       =5766

 

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