A measure of the cost of credit expressed as a yearly interest rate A+
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Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
The answer depends on percentage relative to WHAT!Total annual spend in Germany?Annual spend on food in the EU, Europe, World?Some other measure for comparison?
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?
To calculate the percentage of a raise: Determine the difference between your new pay rate and your old: New (higher) pay rate - Old (lower) pay rate = Difference Then divide the difference by your old rate and multiply by 100 to get the percentage. (Difference/Old pay rate) * 100 = Percentage of raise