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Quiz #6
Question | Answer |
---|---|
The amount of money you put into a savings account or other investment. | Principle |
The amount a financial institution pays on money in an account. It is based on a percentage of the principle. | Interest |
The amount earned by money on deposit. A formula for calculating simple interest is I= prt, Where I= the interest earned p= principal, r= the annual interest rate, and t= time in years. | Simple Interest |
A number that is not rational. A real number that cannot be written as a single fraction | Irrational Number |
In probability, the number of times an outcome occurs | Frequency |
The frequency of a particular outcome (F) divided by the total number of times an experiment is performed. | Relative Frequency |
A number from 0 to 1 that indicates how likely an event will happen. A s | Probability |