Chapt 8 Math Vocab 1
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A fee paid to a person for making a sale.
The fee paid to a person who makes a sale expressed as a percent of the selling price.
Numbers that are close to the given numbers that make estimation or mental calculation easier.
An answer that is close to the exact answer and is found by rounding or other methods to find such an answer.
The amount of money charged for borrowing or using money.
A ratio comparing a number to 100.
The amount stated as a percent that a number increases or decreases.
A percent change describing a decrease in quantity.
A percent change describing an increase in a quantity.
The initial amount of money borrowed or saved.
RATE OF INTEREST
The percent charged or earned on an amount of money.
A percent of cost of an item which is charged by governments to raise money.
A fixed percent of the principal found using the formula:
I = p r t
I = p r t
- I = interest
- P = percent
- R = rate
- T = time
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