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Pre-Algebra Chapter 7 Vocabulary
Merrill Pre-Algebra Chapter 7 Vocabulary Terms
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Balance
the principal plus the earned interest.
Compound Interest
interest paid on both the principal and the interest earned in previous interest periods.
Consecutive Integers
a sequence of integers obtained by counting by ones from any integer.
Interest rate
the percentage of the balance that an account or investment earns in a fixed period of time.
Principal
the initial amount of an investment or loan.
Simple Interest
interest paid only on the principal.
Addition Property of Equality
If a=b, then a+c=b+c.
Multiplication Property of Equality
If a=b, the ac=bc.
Solution
any value or values that make an equation or an inequality true.
Variable
a letter that stands for a number.