Determine Whether the Equation Defines Y as a Function of X

question 52

Multiple Choice

Determine whether the equation defines y as a function of x.
- $$y = \frac { 1 } { x }$$

• A) function
• B) not a function

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Definitions:

Nominal Interest

The stated or advertised rate of interest on a loan or investment, not accounting for inflation or compounding effects.

Effective Rate

The actual interest rate on an investment or loan, taking into account the effect of compounding over a given period.

Compounding Interval

the frequency at which interest is added to the principal balance of a financial instrument, affecting how much interest accumulates over time.

Monthly Compounded

An interest calculation method where interest is added to the principal sum at the end of each month, accelerating the growth of the investment through more frequent compounding.