9/1 X 2 = 18/2
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The actual rate is the total dollars divided by total hours or pieces. The actual formula is not dependant on any standard rate. The rate variance, however, cannot be determined without the standard rate. The rate variance is the difference between actual rate and standard rate.
Base rate is the rate of interest which is considered as a basis by commercial bank for their lending rate..
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
The divorce rate for the first marriage is 41%. The divorce rate for the second marriage is 60%. The divorce rate for the third marriage is 73%.
It is the percentage rate of change!