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13 Cards in this Set
- Front
- Back
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compound interest |
interest paid on the initial principle and on interest earned in the past. |
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discount |
the amount by which the regular price is reduced |
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interest |
the amount of money paid or earned for the use of money |
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markup |
the amount the price of an item is increased above the price that the store paid for an item |
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percent equation |
an equivalent form of the percent proportion, where % is written as a decimal |
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percent error |
the measure of the difference between an estimate, prediction, or measurement and the actual |
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percent of change |
the ratio of increase or decrease of an amount to the original amount |
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percent of decrease |
if the percent is negative |
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percent of increase |
if the percent is posotive |
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percent proportion |
one ratio compares part of a quantity to the whole quantity and the other ratio is the equivalent percent written as a fraction with a denominator of 100 |
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principal |
the amount of money in an acount |
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selling price |
the amount the customer pays for a item |
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simple interest |
paid only on the initial principal of a savings account or a loan |
