Why do we use a coeficient to remove the propotionality

1 answer:

5 0

Constant is the scale term in proportionality. Suppose one variable is dependent on the other and one variable become twice, other becomes also twice and if one becomes half, other too becomes half., but they are two different variables which are no-where linked (like cost(money) vs quantity). Quantity and cost are two different things but they abridge a mathematical relation of proportionality. So in the mathematics to abridge these two different variables, we need something. Constant serves that purpose.

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Find the interest accrued on a $7500 loan with a 2.5% interest rate over 4 years

sukhopar [10]

The simple interest accrued is = $750

<h3>Calculation of simple interest</h3>

The principal amount of the loan = $7500

The rate at which the interest is paid is = 2.5%

The time that it will take to pay the interest = 4 years

Using the formula for Simple interest;

SI= P×T×R/100

SI = 7500×4 × 2.5/100

SI= 75000/100