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Equations that have letters are just called equations, but there are types 1, 2, 3, 4 and ratio type equations. Ratio type equations are the ones where it is a fraction on both sides of the equals sign.

Equation (Type 2): x+1-5=12

Ratio Type Equation: 21/7=42-x/3

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Q: What are equations that have letters and fractions?
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