Solve the problem.When interest is compounded continuously, the balance in an account after t years is given by 
, where P0 is the initial investment and k is the interest rate. Suppose that P0 is invested in a savings account where interest is compounded continuously at 4% per year. Express P(t) in terms of P0 and 0.04.
A. P(t) = P00.04t
B. P(t) = P0e4t
C. P(t) = P0e0.04t
D. P(t) = P0e0.04
Answer: C
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A. 
B. 
C. 2
D. - 