GenMath - 2nd Quarter: Exam

SIMPLE INTEREST

It is an interest which is computed

entirely at once from the moment the

money is borrowed or invested until it

will be paid. It is computed by

multiplying the principal, the rate, and

time in years.

DEBTOR

An individual or institution that borrows

money for any purpose.

LENDER

An individual or institution, who lends

the money.

INTEREST

The amount paid by a borrower to a

lender for a credit or the amount gained

on an investment.

PRINCIPAL

It is the base in which the interest is

computed.

RATE

It is a fractional part of the principal that

is paid on the loan or investment which

is usually expressed as percent (%).

MATURITY VALUE (A)

The sum composed of the principal and

the interest accumulated over the

agreed period.

TERM/TIME (T)

It is the unit of time for which the

principal is loaned. It is the length of

time the principal is borrowed.

COMPOUND INTEREST

It is the interest added to the principal of

an investment or a loan so that the

added interest also earns interest from

them on. The addition of interest to the

principal is called

Simple interest

is the interest on the principal amount over a period.

Compound interest 

is the interest when your principal and earned interest both earn interest.

ANNUITY

A series or sequence of equal payments

at regular intervals of time is called

annuity.

ORDINARY ANNUITY

It is an annuity for which the payments

are made at the end of the conversion

periods.

GENERAL ANNUITY

It is an annuity where the payment dates

do not coincide with the interest

conversion periods.

DEFERRED ANNUITY

It is an ordinary annuity where the return

of payment does not start until a

particular future date.

PROPOSITIONAL LOGIC

is a branch of mathematical logic that

studies the truth and falsity of

propositions.

Logic

is the study of principles and

methods governing correct or reliable

inference. This includes analyzing the

relationship and interdependence of a

series of statements to properly draw a

valid conclusion.

SIMPLE PROPOSITION

is a

declarative sentence subject for

affirmation or denial which do not

contain a connective. It is a statement

with truth value.

COMPOUND PROPOSITION

is a

proposition formed by combining two or

more simple propositions using

propositional connectives.

TRUTH TABLE

the resulting proposition is true or false.

It shows the relationship between the

truth values of statements. It is a vital

tool in determining truth values of

statements formed from simple

statements.

Conjunction

This proposition is the result of

combining two other propositions called

conjuncts with the connective word

and.

Disjunction

This proposition is the result of

combining two other propositions called

disjuncts with the connective word or.

Implication/ Conditional Statements

This proposition is the result of

combining a hypothesis () to

a conclusion () in the form of

If ..., then ...

Biconditional

This proposition is the result of

combining two other propositions in the

form ... if and only if ...

Negation

This proposition is the result of

reversing the truth value of a given

proposition.