Chapter 6 (Math)

Question 1

commission

Answer 1

a fee paid to a person who makes a sale

Question 2

interest

Answer 2

the amount of money charged for borrowing or using money, or the amount of money earned by saving money

Question 3

percent of change

Answer 3

the amount, stated as a percent, that a number increases or decreases

Question 4

percent of decrease

Answer 4

the amount, stated as a percent, that a number decreases

Question 5

percent of increase

Answer 5

the amount, stated as a percent, that a number increases

Question 6

principal

Answer 6

the initial amount of money borrowed or saved

Question 7

simple interest

Answer 7

a fixed percent of the principal that is paid for the use of the money. It is found using the formula I=Prt, where P represent the principal, r the rate of interest, and t the time

Question 8

rate of interest

Answer 8

the percent changed or earned on an amount

Question 9

commission rate

Answer 9

the fee paid to a person who makes the sale expressed as a % of the selling price