To calculate the rate of change, you divide the change in one quantity by the corresponding amount of change in another quantity. Change is represented as the Greek letter delta (Δ), so the basic formula for rate of change is: Exactly how you calculate Δy and Δx will depend on the application. Slope In algebra,… Continue reading How to Use the Rate of Change Formula in Math and Physics
Tag: rate
30-year mortgage interest rate rises to 7.48%, the highest level since 2000
Mortgage interest rates continue to climb, putting homeownership further out of reach for many potential buyers. On Monday, the average interest rate on 30-year mortgages rose to 7.48%, according to Mortgage News Daily — the highest level since November 2000. Other measures show slightly lower, if still-elevated, interest rates. Mortgage rates have nearly tripled in the… Continue reading 30-year mortgage interest rate rises to 7.48%, the highest level since 2000
China’s fertility rate hit a record low last year
HONG KONG — China’s fertility rate is estimated to have dropped to a record low of 1.09 in 2022, the National Business Daily said, a figure likely to rattle authorities as they try to boost the country’s declining number of new births. The state-backed Daily said Tuesday the figure from China’s Population and Development Research… Continue reading China’s fertility rate hit a record low last year
Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect… Continue reading Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Federal Reserve official says more U.S. rate hikes likely will be needed to bring down inflation
The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to… Continue reading Federal Reserve official says more U.S. rate hikes likely will be needed to bring down inflation