Cryptocurrency Q&A
What is a prorated formula?
What is a prorated formula?
Carolina
Sun Oct 27 2024
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7 answers
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I'm trying to understand what a prorated formula is. Could someone explain it to me in simple terms, maybe with an example? I want to know how it works and where it's commonly used.
7 answers
Chloe_thompson_artist
Tue Oct 29 2024
Pro rata calculation is a method used to determine a proportional share.
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TaekwondoMaster
Tue Oct 29 2024
It involves dividing a specific instance of an item by the maximum quantity available.
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SumoPowerful
Tue Oct 29 2024
This division provides a ratio that represents the proportional value.
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Maria
Tue Oct 29 2024
This ratio can be utilized to find the equivalent proportion for any related item.
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KatanaBlade
Mon Oct 28 2024
For example, if you have a certain number of apples and need to distribute them proportionally, you would use the pro rata method.
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