Sarah deposits $500 into a bank account earning 2% interest per year. The amount (A) of money in the account at any time (t), in years, is represented by the equation
A (t) = 500(1.02)
Which best describes the equation in words?

A. The amount of money present in the account at any time is a product of 500 and a
power of 1.02.
B. The amount of money present in the account at any time is a power of 500 and a
product of 1.02.
C. The amount of money present in the account at any time is a sum of 500 and
apower of 1.02
D. The amount of money present in the account at any time is a power of 500 and a
sum of 1.02