0
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
What is theSimple interst for 20000 20 percent for 6 months?
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What would the daily interest rate on an annual rate of 18.4 percent?
0.050410958904109589041095890410959%
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
Daily interest rate on annual rate of 17.7 percent?
If the interest is simple exact interest, the answer is 17.7/365 = 0.0485 daily percent interest, to the justified number of significant digits.
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
What is theSimple interst for 20000 20 percent for 6 months?
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
Alfred wants to invest 4000 at 6 percent simple interst rate for 5years how much interst will he receive?
40 x 6 x 5 ie 1200
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
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
Find the annual amount of FICA at a 7.51 percent rate by computing his annual salary?
Find the annual amount of FICA at a 7.51% rate by computing his annual salary
