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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.
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Earn +20 ptsQ: How much per annum is 18 percent per month?
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Continue Learning about Basic Math
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 20000 per year how much is that per month?
$1,666.67 per month.
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