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Ch. 6 Vocabulary

Math 7 Ch. 6

QuestionAnswer
Interest An amount that is collected or paid for the use of money.
Simple Interest can be calculated using this formula I = prt
Principal The amount of money deposited or borrowed
Percent of increase The ratio of an amount of increase to the original amount
Percent of decrease The ratio of an amount of decrease to the original amount
Percent A ratio whose denominator is 100
Percent of change The amount, stated as a percent, that a number increases or decreases
Created by: unverferth
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