Chain Rule with a Population Model

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In a biological study, the population of a species is modeled by $P(t)= (1+0.5*t)^4$ , where $t$ is time in years. Using the chain rule, find the expression for the rate of change of the population, $P'(t)$ .

$0.5*(1+0.5*t)^3$

$2*(1+0.5*t)^3$

$4*(1+0.5*t)^3$

$2*(1+0.5*t)^4$

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