The table shows the estimated population P(x), in thousands, of a certain town x years after 2000.
Which of the following functions best represents this relationship, where x≤4?
P(x)=12.0(0.05)x
P(x)=12.0(1.05)x
P(x)=13.23(1.05)x
P(x)=12.0(1.10)x