Answer:
Step-by-step explanation:
We have been given that an account is opened with a balance of $3,000 and relative growth rate for a certain type of mutual fund is 15% per year.
In order to tackle this problem we have to find the value of mutual fund after 5 years. For our purpose we will use compound interest formula.
,where A= amount after t years, P= principal amount, r= interest rate (decimal) and t= number of years.
After substituting our given values in above formula we will get
Now we will solve for A
Therefore, after 5 years mutual fund is worth $6034.07.
Answer:
Step-by-step explanation:
y = mx + b
we can see the slope is down hill, so it's negative
when the X is zero then it's 2
b = 2
slope is rise over run 2/3
y = -2/3x + 2
the slope is -2/3 (note the negative)
the y intercept is 2
Dependency: A variable whose value depends on the value assigned to another variable (independent variable).
Correlation: The relationship between two or more variables is considered as correlation.
In statistics, when we talk about dependency, we are referring to any statistical relationship between two random variables or two sets of data. Correlation, on the other hand refers to any of a broad class of statistical relationships involving dependence.
