Investments If x dollars are invested at 10% for6 years, the future value of the investment is given byS(x) = x + 0.6x.a. Find the inverse of this function.b. What do the outputs of the inverse function represent?c. Use this function to find the amount of moneythat must be invested for 6 years at 10% to have afuture value of $24,000.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Investments If x dollars are invested at 10% for
6 years, the future value of the investment is given by
S(x) = x + 0.6x.
a. Find the inverse of this function.
b. What do the outputs of the inverse function represent?
c. Use this function to find the amount of money
that must be invested for 6 years at 10% to have a
future value of $24,000.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
