Daily Math YOU SHOULD Know As a 12th Grader

Front

What is Medicaid?

Back

Medicaid is a government-regulated health insurance program designed to provide coverage for low-income families and individuals.

Front

What is a letter of recommendation?

Back

A letter of recommendation is a written endorsement from a teacher or mentor that supports a student's application to college.

Front

If a cell phone costs $950 and Jelani saves $25 a month, how long will it take him to save for the phone?

Back

It will take Jelani 38 months to save up for the phone.

Front

What type of numbers are all real numbers?

Back

All numbers are classified as real numbers, which include rational and irrational numbers.

Front

What does net pay mean?

Back

Net pay is the amount of money a person takes home after all deductions, including taxes, have been subtracted from their gross pay.

Front

What is the formula for calculating simple interest?

Back

Simple Interest = Principal x Rate x Time.

Front

What is the difference between gross pay and net pay?

Back

Gross pay is the total earnings before any deductions, while net pay is the amount received after deductions.

Front

What is a budget?

Back

A budget is a financial plan that outlines expected income and expenses over a specific period.

Front

What is the purpose of a savings account?

Back

A savings account is used to save money while earning interest, providing a safe place for funds.

Front

What is the significance of a credit score?

Back

A credit score is a numerical representation of a person's creditworthiness, affecting loan approvals and interest rates.