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 9% per year. Express P(t) in terms of P0 and 0.09.

A. P(t) = P0e0.09t
B. P(t) = P0e0.09
C. P(t) = P0e9t
D. P(t) = P0e0.9t


Answer: A

Mathematics

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A.
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