Sales Tax - A percent of the original amount that is added to the original amount., Discount - A percent of the original amount that is subtracted from the original amount., Tip - A percent of the Bill that is given to a waitress or waiter, Simple Interest - Calculated with the formula I=PRT, Principle - The starting money amount when calculating simple interest, Rate - A percentage used to calculate simple interest., Time - Needs to be in years and used to calculate simple interest.,

Consumer Application Vocabulary

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