1
Penny
A coin worth 1 cent.
2
Nickel
A coin worth 5 cents.
3
Dime
A coin worth 10 cents.
4
Quarter
A coin worth 25 cents.
5
Dollar bill
a paper note that is worth $1, 2, 5, 10, 20, 50, and 100
6
Interest Rates
Interest rate is the amount charged over and above the principal amount by the lender from the borrower.
7
Principal Amount
the initial size of a loan, can also be what you owe on a loan.
8
Simple Interest
It is a simpler form of computing interest on the principal amount.
9
Compound Interest
the interest you earn on interest.
10
Tip
giving a little extra to someone for a service. Standard tip is 20%.
11
Sales Tax
When you’re taxed for clothes/devices/other various products.
12
Income Tax
When you’re taxed for your income.
13
Unit Price
The price per item.