rate equals distance divided by the time: example, one mile per hour would be 1 over 1. Ten miles (distance) over 1 hour (time) = 10 mph.
Formula: r=d/t (rate equals distance over time)
Chat with our AI personalities
the term commission means the amount of money you earn
per implies that this is a rate measured for one mile (by dividing by a number of miles).
principal(in terms of math)- the amount you borrow or deposit
The meaning of interest rate is the amount of money that you earn (or need to pay) for each 100 units of currency which you lend (or borrow) for a period - usually of one year.
this: /