An employee deposits $500 of their pay check into an investment account that earns 2.5% interest annually. No withdrawals or deposits are made over a 5 year period. Find an explicit equation that can be used to determine the balance in the account, B(x), in x number of years.

The major difference is that a histogram is only used to plot the frequency of score occurrences in a continuous data set that has been divided into classes, called bins.  bar charts, on the other hand, can be used for a great deal of other types ofvariables  including  ordinal  andnominal  data sets.