I believe this would take the form of an exponential equation:
A = Ao (1 + r)^t
where A is final population, Ao is initial population, r is rate of growth and t is time
A / Ao = (1 + r)^t
log A / Ao = t log (1 + r)
t = (log A / Ao) / log (1 + r)
t = [log (1000 / 550)] / log (1.075)
t = 8.27 years
SO the answer is B) about 9 years