Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
16 Cards in this Set
- Front
- Back
|
Balance
|
The principal in an account plus the earned interest
|
|
|
Compound Interest
|
Interest paid on the original principal and on any interest that has been left in the account
|
|
|
Discount
|
The amount by which the price of an item on sale is reduced
|
|
|
Event
|
A collection of possible outcomes in an expirement
|
|
|
Interest
|
Money paid for the use of your money
|
|
|
Interest Rate
|
When the interest is calculated at a certain percentage rate
|
|
|
Markup
|
The amount of increase in price
|
|
|
Outcome
|
Is any of the possible results that can occur
|
|
|
Percent
|
Is a ratio that compares a number to 100
|
|
|
Percent of Change
|
The percent a quantity increases or decreases from its original amount
|
|
|
Principal
|
The original amount deposited or borrowed
|
|
|
Probability of an Event
|
Is given by this formula when outcomes are equally likely: number of favorable outcomes/
total number of possible outcomes |
|
|
Sale Price
|
The regular price of an item minus the discount
|
|
|
Sample Space
|
The collection of all possibles outcomes in an experiment
|
|
|
Selling Price
|
Markup is added to the store's cost of the item to arrive at selling price
|
|
|
Simple Interest
|
Is interest calculated only on the principal
|
