Ch. 6 - Ratios, Proportions & Percents Flashcards
1
Q
Ratio
A
A comparison of two like quantities using a fraction
2
Q
Proportion
A
An equation made up of two equal ratios
3
Q
Cross Product
A
The result of multiplying the denominator of one fraction with the numerator of another (i.e., Butterfly Method)
4
Q
Equivalent
A
The same in value
5
Q
Compound Interest
A
Interest paid on both the original amount of money plus any interest added to date ; compound interest is usually computed on deposits placed into savings accounts
6
Q
Compounding Period
A
The amount of time that the interest rate is calculated
