The population of a city, y, in thousands of people, measured x years after 1800 can be modeled by the regression equation y = 187.6/1 + 29.4e^-0.03x

Which statement best interprets a value in the equation?

The city population in 1800 was 187,600 people.
The city population grows by 29,400 people per year.
The limiting value of the city population is 29,400 people.
The limiting value of the city population is 187,600 people.