0
It is 100*[(1.12)1/12 - 1] = 100*(1.00949 - 1) approx = 0.949%
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∙ 11y ago
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What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2 percent?
That's an effective annual rate of 15.39%, thanks to the magic of compound interest (simple multiplication gives 14.4%, but this neglects the fact that if you don't pay it off each month you wind up paying interest on interest).
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
If Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is the annual interest rate of 1194 at 5 percent?
The 5% interest rate of 1194 is 59.7
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2 percent?
That's an effective annual rate of 15.39%, thanks to the magic of compound interest (simple multiplication gives 14.4%, but this neglects the fact that if you don't pay it off each month you wind up paying interest on interest).
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
What would the daily interest rate on an annual rate of 18.4 percent?
0.050410958904109589041095890410959%
If Camon has a 21 percent annual interest rate what is his monthly interest rate?
1 3/4%
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What if Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
If Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
What is the interest on a 1000 note for 1 month at 8 annual interest rate?
$6.66
