Problem-solving strategies are created as ways of making a problem easier to understand and this leads to it being easier to solve. For example, one strategy is known as compartmentalizing. This involves splitting a problem into various smaller problems. It makes solving these smaller problems easier and less stressful, and once the smaller problems are solved the bigger one is automatically solved as well. Such a strategy can be applied to any problem in any category including math.
The formula is A=p (1+r/k)^kt A the balance? P present value 12000 R interest rate 0.035 K compounded monthly 12 T time 3years A=12,000×(1+0.035÷12)^(12×3) A=13,326.49
