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Pre-Algebra Chapter 7 Vocabulary

Merrill Pre-Algebra Chapter 7 Vocabulary Terms


AB
Balancethe principal plus the earned interest.
Compound Interestinterest paid on both the principal and the interest earned in previous interest periods.
Consecutive Integersa sequence of integers obtained by counting by ones from any integer.
Interest ratethe percentage of the balance that an account or investment earns in a fixed period of time.
Principalthe initial amount of an investment or loan.
Simple Interestinterest paid only on the principal.
Addition Property of EqualityIf a=b, then a+c=b+c.
Multiplication Property of EqualityIf a=b, the ac=bc.
Solutionany value or values that make an equation or an inequality true.
Variablea letter that stands for a number.