percentages

• what can percentage be used for?

  tax, discounts, statistics
• what is a percentage?

  A part of a whole, __ out of a 100
• how do you convert decimals to percentages?

  Multiply by 100, or move the decimal point two places behind
• reverse percentage

  finding the quantity using the percentage and the other value
• GST -> goods and services tax, a tax on the sale of goods and services
• interest ->money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
• collaterals -> sth that you put down so they know you can continue paying
• simple interest -> interest calculated only on the principal amount
• principal amount -> original sum of money borrowed
• percentage increase/decrease -> how much something has increased or decreased compared to its starting value
• rate of interest -> the % charged per year
• inflation -> increase in prices over time
• selling price -> price charged to customer
• compound interest -> interest is added onto the total balance, not just the initial loan
• annum -> years
• what are installments?

  Partial payments made over a period of time.