Math 4th

Front

What is the amount paid or earned for the use of money?

Back

Interest

Front

What is interest that is computed on the principal and then added to it?

Back

Simple Interest

Front

What is the probability of an event that is certain to happen?

Back

1

Front

What is the probability of an event that is impossible to happen?

Back

0

Front

What is the probability of an event that has an equal chance of happening or not happening?

Back

1/2

Front

What is the formula for calculating Simple Interest?

Back

Simple Interest = Principal × Rate × Time

Front

If you invest $100 at a 5% interest rate for 2 years, what is the simple interest earned?

Back

$10

Front

What is the term for the original amount of money invested or borrowed?

Back

Principal

Front

What is the term for the percentage of the principal that is paid as interest?

Back

Interest Rate

Front

If the probability of an event is 1/4, what does this mean?

Back

There is a 25% chance the event will occur.