answersLogoWhite

0

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.

User Avatar

ProfBot

2mo ago

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
BeauBeau
You're doing better than you think!
Chat with Beau
More answers

216% per annum

User Avatar

Wiki User

8y ago
User Avatar

Add your answer:

Earn +20 pts
Q: How much per annum is 18 percent per month?
Write your answer...
Submit
Still have questions?
magnify glass
imp