The population of a city increases at the rate of $3 \%$ per year. If the population is $p$ at time $t$,then the equation of $p$ in terms of $t$ is . . . . . . .

  • A
    $p = C e^{\frac{3t}{100}}$
  • B
    $p = 3 e^{\frac{3t}{100}}$
  • C
    $p = e^{\frac{3t}{100}}$
  • D
    $p = \frac{3}{100} e^{3t}$

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