The value of the ratio is used to create the table based on comparison between two data sets. Ratio can be rate but rate can never be ratio. In essence, rate is comparison between ratios. While ratio is comparison between two or more numbers. Further, ratio on one hand, involves numbers either in amount, size, measurement, degrees, percentages or fractions with the absence of specific unit of measurement. On the contrary, rate is comparing quantities, amounts or unit of events happened expressed in a specific measurement or expressed under time. Take for instance, an example, Joe eats 2 while John eats 4 meals in a day. The ratio can be Joe: John, 2:4 meals. While the rate, is Joe eats 2 meals/day and John 4 meals/day.<span> </span>
If Mike is willing to pay no more than an effective rate of 8.000% annually, the loans that meet his criteria are loan X and loan Z. Of those two, the lowest would be loan X. I hope the answer will help you :)
There are four walls in each bedroom, since she can't paint floors or ceilings. So we calculate the number of square feet of wall there is in one bedroom
