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C2_Chapter 7

Chapter 7 Vocabulary

Discount The amount by which the regular price of an item is reduced.
Percent Equation An equation that describes the relationship between the part, whole, and percent. part = percent · whole
Percent of Change A ratio that compares the change in a quantity to the original amount.
Percent of Decrease A percent of change when the original quantity decreased.
Percent of Increase A percent of change when the original quantity increased.
Percent Proportion Compares part of a quantity to the whole quantity using a percent.
Principal The amount of money deposited or invested.
Sales Tax An additional amount of money charged on items that people buy
Simple Interest The amount paid or earned for the use of money. The formula for simple interest is I = prt.
Created by: Mrs_Irish