Question

In 1998, the population of Country C was 30 million, and the exponential growth rate was 1% per year. Find the exponential growth function.

P = 300.01^t , where P is in millions and t is the number of years after 1998.
P = 30e^0.01t, where P is in millions and t is the number of years after 1998.
P = 30e^1t, where P is in millions and t is the number of years after 1998.
P = 30e^0.01, where P is in millions and t is the number of years after 1998.
I believe it is b, but I want to make sure.