← Unit 1: Numbers
Mathematics · Grade 9
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Learning to Learn
Money: Profit, Loss, Interest and Hire Purchase — Key Terms
Match each term to its definition.
Profit
— match —
The amount by which the selling price exceeds the cost price.
Interest calculated only on the original principal for the whole period.
Interest calculated on the principal plus accumulated interest each period.
Buying by paying a deposit followed by regular instalments, costing more than the cash price.
Simple interest
— match —
The amount by which the selling price exceeds the cost price.
Interest calculated only on the original principal for the whole period.
Interest calculated on the principal plus accumulated interest each period.
Buying by paying a deposit followed by regular instalments, costing more than the cash price.
Compound interest
— match —
The amount by which the selling price exceeds the cost price.
Interest calculated only on the original principal for the whole period.
Interest calculated on the principal plus accumulated interest each period.
Buying by paying a deposit followed by regular instalments, costing more than the cash price.
Hire purchase
— match —
The amount by which the selling price exceeds the cost price.
Interest calculated only on the original principal for the whole period.
Interest calculated on the principal plus accumulated interest each period.
Buying by paying a deposit followed by regular instalments, costing more than the cash price.
Check