Math 4th

Front

What is probability?

Back

Probability is a measure of how likely an event is to occur, expressed as a number between 0 (impossible) and 1 (certain).

Front

What is a lender?

Back

A lender is a person or organization that provides money to another party with the expectation that it will be paid back, usually with interest.

Front

Is a square always a rectangle?

Back

Yes, a square is always a rectangle because it has four right angles and opposite sides that are equal.

Front

What is simple interest?

Back

Simple interest is the interest calculated only on the principal amount, or the original amount of money borrowed or invested.

Front

What is interest?

Back

Interest is the amount paid or earned for the use of money, typically expressed as a percentage of the principal.

Front

What is a rectangle?

Back

A rectangle is a four-sided shape (quadrilateral) with opposite sides that are equal in length and four right angles.

Front

What is a principal in finance?

Back

The principal is the original sum of money borrowed or invested, excluding any interest or profits.

Front

What does it mean if an event has a probability of 0?

Back

It means that the event is impossible and will not occur.

Front

What does it mean if an event has a probability of 1?

Back

It means that the event is certain to occur.

Front

What is the formula for calculating simple interest?

Back

Simple Interest = Principal x Rate x Time.