Vocab Quiz Flashcards
1
Q
Percent of change
A
The ratio of the amount of increase/decrease to the original amount.
Increase:original
Decrease: original
2
Q
Percent of increase
A
If the new amount is greater than the original amount
3
Q
Percent of decrease
A
If the new amount is less than the original amount.
4
Q
Markup
A
The increase form the wholesale price to the retail price
5
Q
Discount
A
Decrease from the original price to the retail price (sale price)
6
Q
Principal
A
Amount of money borrowed or deposited
to/from the bank
(Original amount)
7
Q
Simple interest
A
Interest earned/paid only based on the principal.
8
Q
Annual interest rate
A
The percent of the principal earned/paid per YEAR.
9
Q
Account balance
A
The sum of the principal and the simple interest
10
Q
Percent
A
A ratio whose denominator is 100.
