Answer: The correct answer is 3.
Step-by-step explanation: As the bow is drawn and released, it will experience a change in elastic potential energy to kinetic energy.
Elastic potential energy is defined as the amount of potential energy which is stored as a result of the deformation of the object which has some elasticity in it. For Example: Stretching of a spring, Drawing of a bow, etc..
Kinetic energy is the energy of the object which is possessed as a result of its motion.
When the bow is drawn, it first had some elastic potential energy and when it is released it had some kinetic energy in it.
Conclusion: The correct answer is 3.