Please help with this problem

Question

Following a major renovation the monthly population of patrons visiting a theme park grew according to the model P=3,000 (1.21)^t, where P is the population and t is the time in months. Which of the following equation can model the approximate yearly growth rate?

1- P=3000 (1.21)^t/12

2- p=3000 (9.85) ^t:12

3- p= 3000 (1.02) ^12t

4-p=3000(1.03)^t:12

Answer 1