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Pre-Algebra Chapter 7 Vocabulary

AB
circle grapha visual representation that can be used to compare parts of a data set to the whole set of data.
compound interestInterest paid on the initial principal and on the interest earned in the past.
discountthe amount by which the regular price of an item is reduced.
interestthe amount of money oaid or earned for the use of the money.
markupan increase in price
percenta ratio that compares a number to 100.
percent equationAn equivalent from of the percent of proportion, where % is written as a decimal.
percent of changea ratio that compares the change in quantity to the original amount.
percent of decreaseThe ratio of an amount of decrease to the previous amount, expressed as a percent. A negative percent of change.
percent increaseThe ratio of an amount of increase to the original amount, expressed as a percent.
percent proportionpart/whole = percent/100 or a/b = p/100
principalThe money invested or borrowed.
selling pricethe amount of money a customer pays for something.
simple interestThe amount of money paid or earned for the use of the money. I = prt (Interest = principal x rate x time)


Lugoff-Elgin Middle School

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