Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Simple interest is calculated only on the principal balance of the loan each period.

A ratio can also be used to share a quantity into parts. David and Paul share the cost of a football season ticket in the ratio 3:7. If David pays £105, how much does the season ticket cost in full?

A pure substance made from more than one type of element chemically bonded together. Elements bond in fixed ratios and so can be represented by a chemical formula. For example, sodium chloride has the ...