Question

how are rates used in real life

Answer 1

ever used a credit card or gotten a loan from bank or used a savings account?

Answer 2

yes

Answer 3

they all involve interest rates .... a rate is used to determine how much money is paid or given

Answer 4

ok i got it thank u soo much

Answer 5

yw

Answer 6

How about a hotel stay. Would room rates count as a rate?

Answer 7

yes i assumed they were talking about int rates but rates in general are used everywhere

Answer 8

ok may i have one exmaple like in math terms

Answer 9

Cool! Yeah, interest rates is the major one ;D

Answer 10

like @PixieDust1 said, hotel rate is money per night

speed in car is rate, miles per hour

items at grocery store have a unit price (rate) , price per item

Answer 11

oh i got it thanks u really did help @dumbcow