Math 101 FINAL EXAM
Linear means something is increasing by a fixed amount or decreasing by a fixed
amount (straight line)
Probability is In favor of event/total number of possibilities
Odds in favor of event #not in favor of event
Conditional Probability The denominator changes with conditional probability
Denominator The bottom number in a fraction.
And Means Multiply
Or Means Add
Depositing Money One time use formula 3no matter what you are trying to solve
Depositing money multiple times use formula 5(if solving for A or 6 for P
Borrowing Money for one time use formula 3 no matter what you are trying to solve
Borrowing Money to pay back in Multiple payments use formula 7
compound interest w/ continuous compounding use formula four
compound interest problems no formula, figure out how much you put in or how much you will have in the
end or how much you borrowed and how much you paid back
Gross Income All the money made
Taxable income adjustment gross income, -exemptions deductions
net income adjusted income
Adjusted gross income gross minus the adjustments(adjustments are nontaxed items)
Linear means something is increasing by a fixed amount or decreasing by a fixed
amount (straight line)
Probability is In favor of event/total number of possibilities
Odds in favor of event #not in favor of event
Conditional Probability The denominator changes with conditional probability
Denominator The bottom number in a fraction.
And Means Multiply
Or Means Add
Depositing Money One time use formula 3no matter what you are trying to solve
Depositing money multiple times use formula 5(if solving for A or 6 for P
Borrowing Money for one time use formula 3 no matter what you are trying to solve
Borrowing Money to pay back in Multiple payments use formula 7
compound interest w/ continuous compounding use formula four
compound interest problems no formula, figure out how much you put in or how much you will have in the
end or how much you borrowed and how much you paid back
Gross Income All the money made
Taxable income adjustment gross income, -exemptions deductions
net income adjusted income
Adjusted gross income gross minus the adjustments(adjustments are nontaxed items)
