This question explores something known as exponential growth, and is often used to determine compound interest after a period of time.
We can use equation
y = xr^n
Where y is the value after n years, x is the initial value and r is the percentage growth each year.
By substituting
1462 * 1.03^10
We get a value that rounds to 1965, so your answer is D.
I suggest you look at exponential growth and decay on khanacademy, they explain it very well!
