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mathvocabulary

Math Vocabulary

QuestionAnswer
the amount of money charged for borrowing or using money, or the amount of money earned by saving money. interest
a ratio comparing a number to 100. percent
the number stated as a percent that a number increases or decreases. percent of change
a percent of change describing a decrease in a quantity. percent decrease
a percent change describing an increase in a quantaty. percent increase
the initial amount of money borrowed or saved. principal
a fixed percent of the principal. it is found using the formula I=prt, where P represents the principal, R the rate of intrest, and t the time. simple interest
a fee paid to a person for making a sale. commission
commission rate
a percent of the cost of an item which is charged by governments to raise money sales tax
the percent charged or earned on an amount of money rate of interest
I=prt formula for simple interest
Created by: sunshinecline
 

 



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