The current I splits into I1 and I2 across two parallel branches with resistances R1 and R2, where V denotes the voltage drop across both resistances. As is known,

Then the equation of the current is written as:

Let the total resistance of the circuit be R and is given by the equation shown below:

Equation (1) can also be written as:

Now, putting the value of R from the equation (2) in the equation (3) we will get

Putting the value of V = I1R1 from the equation (5) in equation (4), we finally get the equation as:

Thus, the Current Division Rule states that the current in any parallel branch equals the ratio of the opposite branch resistance to the total resistance, multiplied by the total current.
Voltage Division Rule
The Voltage Division Rule can be understood by examining the series circuit below. In a series circuit, voltage is divided, while the current remains constant.

Let us consider a voltage source E with the resistance r1 and r2 connected in series across it.
As we know,
I = V/R or we can say I = E/R
Therefore, the current (i) in the loop ABCD will be:

Thus, the voltage across a resistor in a series circuit is equal to the product of the resistor's value, the total impressed voltage across the series elements, and the reciprocal of the total resistance of the series elements.