| Term | Definition |
|---|
| percent | a ratio whose denominator is 100, symbol= % 329 |
| percent of change | a percent indicating amount a quantity increases or decreases w/ respect to original amount; =dec/inc / original 352 |
| percent of increase | percent of change hen new amount is greater than the original 352 |
| percent of decrease | percent of change hen new amount is less than the original 352 |
| markup | increase from wholesale price to retail price 357 |
| discount | decrease from original price to sale price 358 |
| interest | amount earned or paid for use of money 362 |
| principal | amount of money deposited or borrowed 362 |
| simple interest | interest that is earned or paid only by the principal, i=prt, for annual, a=p+prt, OR a=p(1+rt) 362 |
| annual interest rate | % of principal earned or paid ea yr 362 |
| balance (of an account) | the sum of the principal and all interest earned 363 |
| compound interest | interest earned on both the principal and any interest that has been previously earned, a= p(1+r)^t 363 |
Combine with other sets
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