ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Has inputs and outputs
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Every input has only ONE output
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Inputs have different outputs every time
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x-values and y-values
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Detailed explanation-1: -When each input value has one and only one output value, that relation is a function. Functions can be written as ordered pairs, tables, or graphs. The set of input values is called the domain, and the set of output values is called the range.
Detailed explanation-2: -A function is defined as a relation between a set of inputs having one output each. In simple words, a function is a relationship between inputs where each input is related to exactly one output. Every function has a domain and codomain or range. A function is generally denoted by f(x) where x is the input.
Detailed explanation-3: -A technical definition of a function is: a relation from a set of inputs to a set of possible outputs where each input is related to exactly one output.
Detailed explanation-4: -function, in mathematics, an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable). Functions are ubiquitous in mathematics and are essential for formulating physical relationships in the sciences.
Detailed explanation-5: -A function is a specific type of relation in which each input value has one and only one output value. An input is the independent value, and the output value is the dependent value, as it depends on the value of the input.