A mathematical formula, such as Speed = Distance / Time for example.
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How about e = mc2 ? e = energy, m = mass, c = velocity of light in vacuum.
An equation states that the two quantities on each side of the equal sign are equal.
A proportion is generally multiplicative relationship between two measures of a quantity. An equation is a mathematical statement that relates two quantities. The quantities may contain a number of expressions, with each expression comprising a number of numerical constants, variables and functions.
That's an equation.
An equation.