Math 3 Check In #2

Front

What is depreciation in the context of asset value?

Back

Depreciation is the reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Front

How do you calculate the value of an asset after a certain number of years of depreciation?

Back

Use the formula: Final Value = Initial Value × (1 - Depreciation Rate) ^ Number of Years.

Front

What is the formula for calculating compound interest?

Back

The formula is A = P(1 + r/n)^(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount, r is the annual interest rate, n is the number of times that interest is compounded per year, and t is the time in years.

Front

What does the term 'domain' refer to in mathematics?

Back

The domain of a function is the set of all possible input values (x-values) for which the function is defined.

Front

What is the significance of factoring in algebra?

Back

Factoring is the process of breaking down an expression into simpler components (factors) that, when multiplied together, give the original expression. It is useful for solving equations and simplifying expressions.

Front

How do you determine the population growth over time with a percentage increase?

Back

Use the formula: Future Population = Current Population × (1 + Growth Rate) ^ Number of Years.

Front

What is the difference between linear and exponential growth?

Back

Linear growth increases by a constant amount over time, while exponential growth increases by a constant percentage, leading to faster growth as time progresses.

Front

What is the purpose of using factored form in polynomial equations?

Back

Factored form makes it easier to find the roots (solutions) of the polynomial by setting each factor equal to zero.

Front

How do you round a number to the nearest whole number?

Back

Look at the digit to the right of the decimal point: if it is 5 or greater, round up; if it is less than 5, round down.

Front

What is the concept of compounding in finance?

Back

Compounding refers to the process where the value of an investment increases because the earnings on an investment earn interest as time passes.