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
Hope it helps!
The answer is:t=4 You welcome
9 chairs;
there would have to be nine chairs at a table for it to have the most chairs because in this case, even if the remaining 7 chairs were all located at one of the other tables, then the table with the 9 chairs would still have the most chairs.
The slope of the red line would be the inverse of the green line. so the red line's slope is 1.
Green line: -1/1
Red line:1/1
