Solve.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 7% per year. Express P(t) in terms of P0 and 0.07.
A. P(t) = P0e0.07t
B. P(t) = P0e0.7t
C. P(t) = P0e0.07
D. P(t) = P0e7t
Answer: A
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= 
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