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Quiz #6

QuestionAnswer
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
Created by: Ashton5
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