Financial Mathematics Flashcards
6 cards from real Actuary Certification practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Financial Mathematics flashcards as text
What is the greatest common factor of 24 and 36?
Answer: 12
Factors of 24: 1,2,3,4,6,8,12,24. Factors of 36: 1,2,3,4,6,9,12,18,36. GCF = 12.
What is the value of |−7|?
Answer: 7
Absolute value represents distance from zero, which is always positive. |−7| = 7.
What type of number is √2?
Answer: Irrational
√2 cannot be expressed as a fraction of integers, making it irrational. Its decimal expansion never terminates or repeats.
What is the perimeter of a rectangle with length 8 and width 5?
Answer: 26
Perimeter = 2(length + width) = 2(8 + 5) = 2(13) = 26.
What is the median of: 3, 7, 2, 9, 5?
Answer: 5
Arrange in order: 2, 3, 5, 7, 9. The middle value is 5.
If f(x) = x² + 3, what is f(4)?
Answer: 19
f(4) = 4² + 3 = 16 + 3 = 19.