Given a set of data sorted from smallest to largest, define the first, second, and third quartiles.
1 answer:
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If the equation is in y = k*x form, then we have a direct proportional relationship between x and y. In this case, y = (1/5)*x is in the form y = k*x where k = 1/5. So this equation is proportional. The constant of proportionality is k = 1/5
In terms of a graph, you can tell if it has the following properties:
1) The graph goes through the origin (0,0) which is where the x and y axis cross
2) The graph is a straight line
You should find that graphing y = (1/5)x will satisfy both properties above, so that will visually confirm you have the right answer. The graph is shown in the attached image. The red line represents the graph of the equation. The red line goes through (0,0) and (5,1), which are point A and point B respectively.
In terms of a graph, you can tell if it has the following properties:
1) The graph goes through the origin (0,0) which is where the x and y axis cross
2) The graph is a straight line
You should find that graphing y = (1/5)x will satisfy both properties above, so that will visually confirm you have the right answer. The graph is shown in the attached image. The red line represents the graph of the equation. The red line goes through (0,0) and (5,1), which are point A and point B respectively.
Answer:
The amount needed as a one-time deposit to earn $7,500 in 3 years is <em>$4388.17</em>
Step-by-step explanation:
<u>Basic Finance Formulas </u>
One of the most-used formulas to compute present and future values is
Where FV is the future value, PV is the present value, r is the interest rate and n is the number of periods. It's vital to keep in mind that r and n must be referred to the same compounded time, e.g. r is compounded monthly and n is expressed in months
The question requires to compute the PV needed as a one-time deposit to earn a future value of $7,500 in 3 years at a 1.5% rate compounded monthly.
FV=7,500
r=1.5%=0.015
n=3*12=36 months
We converted n to months because r is compounded monthly . The formula
must be managed to make PV isolated
Answer: The amount needed as a one-time deposit to earn $7,500 in 3 years is $4388.17