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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.
What else can I help you with?
What is a 12 percent annum?
12% per year
If you make 44000 per annum how much do you make in a month?
Well lets see here... 44000/12=3666
In how may years a sum of money at the rate of 10 percent simple interest per annum will triple itself?
30 years
What percent of 60000 would equal 1000 dollars per month?
12000 per year is 20 percent of 60000
If you make 68000 per year how much is that per month?
$5666.67 per month
How much per annum is 1 percent per month?
12
How much interest a month on 300000 at 1 percent?
It would come out to about $250 a month at 1% per annum.
If you invest 400000 at 5 percent per annum and withdraw 3500 per month how much money do you have at end of year 10?
4,000
What is 10 percent per annum per month of 3600?
10% p.a. of 3600 is 360 p.a. is 30 per month
How much the salary of legislative in the Philippines?
senate is 35,000 per month equivalent of 420,000 per annum senate president is 40,000 per month equivalent of 480,000 per annum
What is 7 percent per annum on 164300?
11501 per annum.
What is 9 percent per annum of 675.00?
60.75 per annum.
What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?
0.9938% per month, when compounded is equivalent to 12.6% annually.
If you make 35000 per annum how much do you make a month?
$25,000 per month
What is 2 percent per annum?
The same as 2% per year. Per annum means per year.
How much interest would you earn a month from 70 million pounds?
It would roughly earn you:- £22,100 Per Day £672,800 Per Month £8,073,000 Per Annum
What is a 12 percent annum?
12% per year
