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Use the following information to answer the following question(s) : You wake up one morning feeling slightly under the weather.A close family member enthusiastically suggests that you take some Echinacea, an herb commonly used as a cold remedy.You then decide to design an experiment to test Echinacea and see if this claim is true.You think, "If taken at the beginning of a cold, Echinacea will reduce cold symptoms."
-Your statement, "If taken at the beginning of a cold, Echinacea will reduce cold symptoms," is called a(n) ________.
Simple Interest
A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.
Maturity Value
The amount payable to an investor at the end of a security's term or life, which typically includes the principal plus interest.
Principal
The original sum of money borrowed in a loan or the initial amount of money invested, excluding any interest or gains.
Simple Interest
A method of calculating interest whereby it is applied only to the principal amount, not including any previously earned interest.
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