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MRC Financial Maths

TermDefinition
Unitary Method A method t o find value of single unit. It also explains how to use it to find value of desired number of units
Algorithm A process that follows a set of steps to achieve a result
Fraction Parts of a whole. Has a numerator and a denominator
Decimal Parts of a whole measured in tenths, hundredths and thousandths....
Percentage Out of 100
Conversion A change between different forms
Evaluate To solve. To find the answer to.
Bargain A good deal.
Discount An amount off the price of something
Interest rate The percentage rate a bank may charge for people to borrow money
Created by: CBMRC
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