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How do you find the equivalent rate?

Updated: 4/28/2022
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10y ago

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Multiply or divide both the numerator (top) and the denominator (bottom) of the ratio or fraction by any non-zero integer or divide both by any common factor. You will have an equivalent rate.

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Q: How do you find the equivalent rate?
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Related questions

How can you find a unit rate when give a rate?

If you are given a rate of x to y then the equivalent unit rate is x/y to 1.


What is an equivalent rate?

Equivalent RatesThe Equivalent Rates calculation is used to find the nominal annual interest rate compounded n times a year equivalent to a given nominal rate compounded m times per year.Two nominal rates with different compounding frequencies are equivalent if they yield the same amount of interest per year (and hence, at the end of any period of time).Input• nominal annual rate for the given rate• compounding frequency for the given rate• compounding frequency for the equivalent rateResults• equivalent nominal annual rate• equivalent periodic rateExample•A bank offers 14.75 % compounded annually.What would be the equivalent rate compounded monthly?InputGiven nominal annual rate:14.75 %Compounding frequency for given rate:annuallyCompounding frequency for equivalent rate:monthlyResultEquivalent nominal annual rate:13.8377 %Answer: 13.8377%.


How do you find equivalent rate?

You set the two equations equal to each other and then solve for the variable.


What is a rate that compares two equivalent measurements?

A rate that compares two equivalent measurements is a conversion rate.


How do you write a unit rate of a ratio?

Find an equivalent ratio so that the denominator = 1. This may require the numerator to be a fraction.


WHAT IS EQUIVALENT RATE?

If you are given one rate, x/y then multiply (or divide) both numbers by any non-zero number. You will have an equivalent rate.


Converting each rate to an equivalent rate?

4m/15sec


What is the rate 8 to 4?

The rate is equivalent to 80 to 40.


How do you find the equivalent?

Multiply or divide both the numerator (top) and the denominator (bottom) of the ratio or fraction by any non-zero integer or divide both by any common factor. You will have an equivalent rate.


How could you find the percent equivalent to 17 over 20?

percentage = 85%% rate:= 17/20 * 100%= 0.85 * 100%= 85%


What is the effective rate of 18600 invested for one year at 7 and one half percent compounded semiannually?

The annual equivalent rate is 15.5625%. The amount invested is irrelevant to calculation of the equivalent rate.


What is the continuous compounding rate equivalent to an effective interest rate of 18 percent?

2