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What does rate refer to in percent problems?

Updated: 8/21/2019
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7y ago

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Probably to the interest rate - how much somebody pays you as a kind of "rent", for being able to lend your money. Usually expressed as a percentage.

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7y ago
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7y ago

The rate refers to the ratio of one variable to 100 of another.

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Q: What does rate refer to in percent problems?
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