E
Term |
Definition |
| effective rate of interest | compares a reducible rate to a flat rate of interest $$E=\frac$$ where: E = effective flat rate, r = reducible rate as a decimal, n = length of loanWhen comparing a flat rate then we use this formula to approximate the effective interest: $$r=\frac$$ where: r = effective rate, n = length of loan, R = flat rate of interest |
| exterior angle sum | the exterior angle sum of any polygon is 360° |
