Knowing that P = X x i / 100, C = main, e = Rate. Calculate the rate for the formula: A principal of R $ 105,000.00 obtained a p
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Dividing two fractions is the same as multiplying the first fraction by the reciprocal (inverse) of the second fraction.
Take the reciprocal of the second fraction by flipping the numerator and denominator, leaving the negative sign on the numerator, and changing the operation to multiplication. Then the equation becomes
For fraction multiplication, multiply the numerators and then multiply the denominators to get
This fraction can be reduced by dividing both the numerator and denominator by the Greatest Common Factor of 9 and 12 using
