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AM 6 Patterson
Terms in this set (13)
A ratio compares part of a quantity to the whole quantity.
An equivalent form of the percent proportion in which the percent is written as a decimal.
Percent of Change
A ratio that compares the change in quantity to the original amount.
Percent of Increase
If the percent of change is positive, it is a percent of increase.
Percent of Decrease
If the percent of change is negative, it is a percent of decrease.
The measure of the difference between an estimate or prediction and the actual value.
A store sells items for more than it pays for those items. The amount of increase is called the markup.
The amount the customer pays for an item.
The amount by which the regular price is reduced. The percent of discount is a percent of decrease.
The amount of money paid or earned for the use of money by a bank or other financial institution.
Interest that is paid on the initial principal (the amount borrowed) of a savings account or a loan.
The amount of money borrowed or invested.
Interest that is paid on the initial principal (the amount borrowed) and on interest earned in the past.