1.5% monthly
1.75%
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
0.04849%
0.050410958904109589041095890410959%
1.5% monthly
1 3/4%
22.8 or 22.80
22.8 or 22.80
The annual compound interest rate is 18 percent.
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
0.67 percent