Math Definitions - Letter I


Definition of Interest

Definition of Interest

Interest is a fee you pay for the use of someone else's money.

For example, if Sam invests \(\$2,000\) in the bank, the bank might pay him \(\$100\) for the use of his money for a year.


The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.


Year 1 to Year 12 students

Learning Objectives

Learn common math terms starting with letter I

Author: Subject Coach
Added on: 6th Feb 2018

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