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Digits Topic 3 Vocabulary
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Gravity
Terms in this set (12)
percent equation
Y = mx part = percent * whole
principal
the original amount of money deposited
interest rate
interest that is calculated based on percent of the principal
time
the number of years money is deposited
simple interest
interest that is calculated only on the principal
balance
the principal in the account plus the accumulated interest
compound interest
interest that is calculated on the balance
percent of change
describes how much a quantity has changed, expressed as a percent of the original quantity
percent increase
when a quantity increases
percent decrease
when a quantity decreases
mark up
the amount of increase from the cost to the selling price
mark down
the amount of decrease from the selling price to the sale price
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