Whatever they want to charge. The only legal requirement is that they have to
make sure that you know the interest rate before you borrow the money.
10 percent interest per month any bank name
11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
252
35 x 60 (per year?) = 35 x 5 per month = 175
Businesses typically state interest cost as a percentage of the amount borrowed per unit of time. Examples are 12 percent per year and 1 percent per month.
It would come out to about $250 a month at 1% per annum.
8333
$214.68
1500 dollars
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
To calculate the annual interest rate of 18 percent per month, you first need to multiply the monthly rate by 12 to get the annual rate. So, 18 percent per month would be 18% x 12 = 216% per year. This means that the interest accrued annually would be 216% of the initial amount borrowed or invested.
2075.84 PER MONTH