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Business Mathematics in Canada 4e
Business Mathematics in Canada, 4/e
F. Ernest Jerome

Review and Applications of Algebra

Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
 
Algebraic expression  A statement of the mathematical operations to be carried out on a combination of numbers and variables.
(See page 44.)
Base  The quantity that is multiplied by itself in a power.
(See page 51.)
Binomial  An expression containing two terms.
(See page 44.)
Capital gain  The amount by which an investment's value increases during the holding period.
(See page 71.)
Capital gain yield  The capital gain as a percentage of the initial investment.
(See page 72.)
Capital loss  The amount by which an investment's value decreases during the holding period.
(See page 72.)
Compounding  Applying each successive percent change to the cumulative amount after the preceding percent change.
(See page 81.)
Equation  A statement of the equality of two algebraic expressions.
(See page 55.)
Exponent  The number of times that the base is multiplied by itself in a power.
(See page 51.)
Factors  The components of a term in an algebraic expression that are separated by multiplication or division signs; the components of a product.
(See page 44.)
Holding period  The time period over which investment income or capital gain is being calculated.
(See page 72.)
Income  Revenue earned from an investment without selling any portion of the investment.
(See page 71.)
Income yield  An investment's income expressed as a percentage of the amount invested at the beginning of the period.
(See page 72.)
Like terms  Terms having the same literal coefficient.
(See page 45.)
Linear equation  An equation in which the variable is raised only to the first power.
(See page 55.)
Literal coefficient  The non-numerical factor in a term.
(See page 44.)
Monomial  An expression containing only one term.
(See page 44.)
Non-linear equation  An equation in which the variable appears with an exponent other than "1," or appears as part of a mathematical function.
(See page 55.)
Numerical coefficient  The numerical factor in a term.
(See page 44.)
Polynomial  An expression containing more than one term.
(See page 44.)
Power  A mathematical operation indicating the multiplication of a quantity (the base) by itself a certain number (the exponent) of times.
(See page 51.)
Rate of total return  The investment's combined income and capital gain expressed as a percentage of the beginning investment.
(See page 72.)
Root  (of an equation) A particular numerical value for the variable that makes the two sides of the equation equal.
(See page 56.)
Substitution  Assigning a numerical value to each of the algebraic variables in an expression.
(See page 48.)
Terms  The components of an algebraic expression that are separated by addition or subtraction signs.
(See page 44.)
Total return  The sum of the income and capital gain from an investment during a holding period.
(See page 72.)
Trinomial  An expression containing three terms.
(See page 44.)




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