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Chapter 7 Vocabulary

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Discount   The amount by which the regular price of an item is reduced.  
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Percent Equation   An equation that describes the relationship between the part, whole, and percent. part = percent ยท whole  
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Percent of Change   A ratio that compares the change in a quantity to the original amount.  
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Percent of Decrease   A percent of change when the original quantity decreased.  
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Percent of Increase   A percent of change when the original quantity increased.  
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Percent Proportion   Compares part of a quantity to the whole quantity using a percent.  
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Principal   The amount of money deposited or invested.  
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Sales Tax   An additional amount of money charged on items that people buy  
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Simple Interest   The amount paid or earned for the use of money. The formula for simple interest is I = prt.  
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