A bank offered 1 3/4% interest on savings accounts compounded continuously. -How much is a $5,000 deposit worth after 42 months? -How much should be deposited in order to be worth $2,000 in 5 years?
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.
A bank offered 1 3/4% interest on savings accounts compounded continuously.
-How much is a $5,000 deposit worth after 42 months?
-How much should be deposited in order to be worth $2,000 in 5 years?
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