Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. I
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A proportion looks like this:
It means that the quantity a,b,c and d are in the same proportion: the ratio between a and b is the same ratio between c and d.
They are particularly useful in situation when you have an example given, and you want to extrapolate the relationship for another couple.
For example, you can think of the following problem: "Five apples cost 2 dollars. How much will 8 apples cost?"
You can build the proportion
And then solve it for x: